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Old 12-01-2012, 09:21 PM
 
Location: Texas
14,969 posts, read 14,229,172 times
Reputation: 4564

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U.S. Small-Business Owners Pessimistic Post-Election

Small business owners are suddenly feeling a lot more pessimistic.

What a surprise.
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Old 12-01-2012, 09:35 PM
 
Location: Ohio
19,959 posts, read 14,264,832 times
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Quote:
Originally Posted by afoigrokerkok View Post
U.S. Small-Business Owners Pessimistic Post-Election

Small business owners are suddenly feeling a lot more pessimistic.

What a surprise.
From Gallup
  • One in five small-business owners (21%) expect the number of jobs at their company to decrease over the next 12 months, the highest percentage Gallup has measured to date.
  • One in three owners (34%) expect their company's capital spending to decrease over the next 12 months -- the highest recorded since July 2010.
  • Thirty percent of owners expect "poor" cash flow over the next 12 months -- the highest Gallup has measured to date.
  • Twenty-eight percent of owners expect to be in a "poor" financial position 12 months from now -- the highest Gallup has measured to date.

Yeah, well, when you force Capital to be shifted from areas of the market into health care -- which is effectively what Obamacare does -- that kind of thing happens.

Pragmatically...

Mircea
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Old 12-01-2012, 09:46 PM
 
20,675 posts, read 8,841,505 times
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What is considered a small business needs to be re evaluated. From my understanding the washington redskins is considered a small business.....a multi million dollar franchise. Correct me if I'm wrong.
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Old 12-01-2012, 10:40 PM
 
Location: Great State of Texas
86,093 posts, read 72,587,340 times
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Quote:
Originally Posted by natalie469 View Post
What is considered a small business needs to be re evaluated. From my understanding the washington redskins is considered a small business.....a multi million dollar franchise. Correct me if I'm wrong.

What is SBA's definition of a small business concern? | SBA.gov
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Old 12-01-2012, 11:33 PM
 
10,357 posts, read 7,991,464 times
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"As even House Speaker John Boehner has been known to admit, only 3 percent of small firm proprietors would be affected by Obama's proposed higher taxes, precisely because what’s taxed is profits, not gross revenue.

Relatively few people—whether they’re highly skilled professionals, managers of large firms, or owners of small businesses—are successful enough to have more than $250,000 in take-home pay."

Also, the higher tax is based on marginal tax---these small business owners would only pay higher taxes on the amount over $250,000.

Small Business tax myths: Most firms are not affected by Obama tax proposals. - Slate Magazine
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Old 12-02-2012, 03:40 AM
 
397 posts, read 208,490 times
Reputation: 105
Gallup,really? Gallup lost all credibility. After how they lead you a stray before the election with false info you will follow them again?

"Gallup has Romney up by 7"! Obama is toast!

Remember all these things being said. Gallup needs to close down.
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Old 12-02-2012, 03:59 AM
 
7,331 posts, read 3,781,922 times
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Here in Pa. we have a congressman named Mike Kelly who`s a small businessman. This bagger of tea is worth $12 million. He needs a tax break?
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Old 12-02-2012, 04:29 AM
 
8,266 posts, read 10,720,413 times
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From their graph it appears this was a trend that started in early summer, it isn't like there was any sudden change in it resulting from the directly from election itself.

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Old 12-02-2012, 05:54 AM
 
19,259 posts, read 12,263,218 times
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Quote:
Originally Posted by slackjaw View Post
From their graph it appears this was a trend that started in early summer, it isn't like there was any sudden change in it resulting from the directly from election itself.
Keep in mind that Obama's policies were in place over the summer as well. The election simply confirmed that there would be four more years of a political environment hostile to business and job growth. The fanciful presumption that republicans would ban abortion is more important to the average voter than having a job.
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Old 12-02-2012, 06:44 AM
 
Location: Long Island, NY
19,718 posts, read 11,580,729 times
Reputation: 5613
Quote:
Originally Posted by Mircea View Post
From Gallup
  • One in five small-business owners (21%) expect the number of jobs at their company to decrease over the next 12 months, the highest percentage Gallup has measured to date.
  • One in three owners (34%) expect their company's capital spending to decrease over the next 12 months -- the highest recorded since July 2010.
  • Thirty percent of owners expect "poor" cash flow over the next 12 months -- the highest Gallup has measured to date.
  • Twenty-eight percent of owners expect to be in a "poor" financial position 12 months from now -- the highest Gallup has measured to date.

Yeah, well, when you force Capital to be shifted from areas of the market into health care -- which is effectively what Obamacare does -- that kind of thing happens.

Pragmatically...

Mircea
What's silly about this poll is that it is a poll asking what will happen in reality. Reality itself will take care of that.

GDP is rising and if that rise causes more customers to demand more goods and services, these small businesses will spend more capital, will increase cash flow and be in a better financial position -- regardless of what they said in this poll.

If you look at the survey results from National Federation of Independent Business, which surveyed small businesses, not lobbyists, you see that the number one concern of small businesses is poor sales.

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