Government a Barrier, Not a Help, to Economic Growth

September 27, 2012

Fifty-five percent of small business owners and manufacturers would not have started their businesses in today's economy, according to a new poll by the National Association of Manufacturers.  The poll also reports 69 percent say President Obama's regulatory policies have hurt their businesses, says the Washington Examiner.

"There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people," says Jay Thomas, president of the National Association of Manufacturers.

Here are the key findings in the poll:

  • Sixty-seven percent say there is too much uncertainty in the market today to expand, grow or hire new workers.
  • Sixty-nine percent of small business owners and manufacturers say President Obama's Executive Branch and regulatory policies have hurt American small businesses and manufacturers.
  • Fifty-five percent say they would not start a business today given what they know now and in the current environment.
  • Fifty-four percent say other countries like China and India are more supportive of their small businesses and manufacturers than the United States.

Source: Joel Gehrke, "55 Percent of Small Business Owners Would Not Start Company Today, Blame Obama," Washington Examiner, September 26, 2012. "Small Businesses and Manufacturers: Government a Barrier, Not a Help, to Economic Growth," National Association of Manufacturers, September 25, 2012.

 

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