Small Businesses Seem To Be Pleased By The Recent Election Results

With the recent election cycle completed, it’s time to take a look at how small businesses feel about the political landscape.

For the past several months, it has appeared that small businesses were beginning to become more and more optimistic about the economy. There were multiple studies suggesting this to be the case, but one had to wonder if the election would change that outlook.

Apparently it hasn’t. While it’s still very early, and no one knows what exactly Congress will do, according to a survey by Manta, the Web’s largest free source of information on small businesses, small businesses are now even more optimistic.

62% of those surveyed believe the new Republican controlled House will have a favorable impact on small businesses overall. 58% believe their own businesses will improve because of the election results.

In the company’s most recent “Pulse of Small Business” user survey conducted Wednesday of 1,189 small business owners and employees (the majority of them owners), 69% said the Obama Administration has hurt small business. Moreover, 58% of the respondents said they are more confident now that they will be able to grow their business than they were two years ago when the Democrats and President Barack Obama triumphed in the elections.

Admittedly this optimism seems a bit strange. To anyone who’s familiar with politics, we’re now in a situation where Congress will be ground to a halt, since neither Democrats or Republicans seem to want to move an inch. Partly for ideological reasons and partly just to make the other guys look bad heading into the 2012 election cycle.

I’ll be honest, I don’t think this is a particularly good scenario, and I don’t understand the optimism. But we’ll see how things progress in the coming year.


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