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 fearful.
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 freeze.
“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 January 2012.”
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.”