With small-business owners having so many fears about the
negative direction of the country under the new policies enforced
by the White House, researchers at Gallup are fearful that
America's future will only get worse.
The latest Gallup
Poll indicates that many American small-business owners are
anything but optimistic when it comes to the way the Obama
administration is leading the nation. In fact, they're downright
According to the recently released Wells Fargo/Gallup Small Business Index, when
small-business owners in the United States were asked why they
weren't hiring new employees, a striking 61 percent said that it is
because they are "worried about the potential cost of healthcare."
This analysis indicates that a good majority of Americans are not
sold on ObamaCare and fear the toll that it will take not only on
businesses, but on the economy as a whole -- as it is implemented
across the nation.
Another dismal outlook for 2013 came from a different response
business owners gave when asked about reasons behind their hiring
"At the bottom of the list, but still at a surprisingly high
level, 30 percent of owners say they are not hiring because they
are worried they may no longer be in business in 12 months," Gallup
reports. "This is up from 24 percent who had the same worry in
When asked the same question about why they haven't hired, an
exceedingly high 66 percent of the 601 small business owners
interviewed by Gallup expressed that they were "worried about the
current state of the U.S. economy."
The long arm of the government is yet another real fear that
small-business owners have across the nation.
Fifty-six percent of those surveyed expressed that they were
"worried about new government regulations" and how such
interference could jeopardize the livelihood of their
These fear factors paint a sobering picture of what Americans
can expect for 2013.
A downward spiral
Even though the Dow Jones industrial average has been up of
late, other tangible gauges of the economy show that things in the
business sector are down.
12 percent of small-business owners indicated that they had
increased their company's hiring over the past 12 months. This
corroborates the still high unemployment rate, which has stagnated
around 8 percent for some time, rising to 7.9 percent in
"Small-business owners' self-reported net hiring suggests less
overall hiring activity and essentially no improvement in small
business job growth over the past two years," Gallup maintains.
"Owners reported less hiring as well as less firing in
Refuting President Barack Obama's claim that America's economy
continues to move forward, Gallup statistics show that things in
the business sector are still shifted in reverse.
"The lack of improvement in small-business-owner self-reported
net hiring over the past 12 months is consistent with January's
lack of year-over-year improvement in Gallup's Payroll to
Population employment rate," asserts Gallup's latest business
report. "Small businesses continue to hire fewer employees than
they are letting go, while overall full-time U.S. employment is, at
best, keeping up with the growth of the U.S. population. The lack
of improvement in small-business hiring is also consistent with the
estimated -0.1 percent annualized growth rate for fourth quarter
In fact, with small-business owners having so many
fears about the negative direction of the country under the new
policies enforced by the White House, researchers at Gallup are
also fearful that America's future will only get worse.
"Finally, the fact that so many owners say worries about such
things as potential healthcare costs and potential new government
regulations are holding back hiring is troublesome for the job
market outlook," the Omaha, Neb.-based polling organization
contends. "Still, probably the most worrisome response is that 30
percent of small business owners fear they may not be in business
12 months from now."
The George Gallup-founded group warns Americans to brace for
harder times ahead.
"This is a bad sign not only for small-business hiring and
capital investment, but also for the overall U.S. economy in 2013,"
the Gallup report concludes.