Biden’s Far-Left Agenda Is Smothering The Economy And Making It Even Harder For Small Businesses Recovering From The Pandemic
SMALL BUSINESSES ARE BEING CRUSHED UNDER BIDEN AND DEMOCRATS
- This National Small Business Week, nearly every small business in America is being impacted by Biden and Democrats’ far-left policies.
- The U.S. economy shrank 1.4 percent on an annualized rate last quarter – well below economists’ expectations.
- This quarter’s nosedive is even worse than the drop when COVID-19 began to wreak havoc on the world economy.
- Even Biden’s own administration is warning of a recession.
- According to a Gallup poll, just 2 percent of Americans say the economy is in “excellent” condition, and 76 percent of Americans say the economy is getting worse.
- Just 28 percent of Americans approve of Biden’s handling of the economy according to an ABC News/Washington Post poll.
SMALL BUSINESSES ARE FEELING THE EFFECTS OF BIDENFLATION AND BIDEN’S SUPPLY CHAIN CRISIS
- With inflation at a 40-year high, small businesses are increasingly struggling to keep up with higher input costs.
- A new National Federation of Independent Business (NFIB) survey shows inflation is now the number one problem for small businesses.
- 99 percent of small employers said the recent rise in gas and fuel prices is having some degree of negative impact.
- 86 percent of small employers are increasing the price of their goods and services.
- 77 percent of small employers said higher supplies and material costs were contributing to higher business costs.
- Small business optimism is suffering as a result, with expectations of better business conditions at a 48-year low.
- According to the most recent U.S. Chamber of Commerce Small Business Index, 76 percent of small business owners are finding it hard to manage costs due to inflation.
- Small businesses ranked inflation and the supply chain crisis as the top two challenges they are currently facing.
- There’s no relief in sight from the “snarled” supply chain crisis that’s happening on Biden’s watch.
- Underlying supply-chain issues persist, including warehouses not having enough workers or space to process boxes and trucking firms remaining short of drivers and trailers.
- According to a Job Creators Network Foundation poll, 76 percent of small business owners don’t believe Biden is doing enough to bring down inflation and 65 percent say supply chain issues are having a negative impact on their company.
LABOR SHORTAGES CONTINUE TO PLAGUE SMALL BUSINESSES
- Democrats’ pandemic lockdowns had disastrous consequences on small businesses with many left shuttered.
- This contributed to a labor shortage that has continued into this year, with 47 percent of small businesses still not able to fill positions due to few or no quality applicants.
- There are 11.5 million job openings that businesses are struggling to fill– a record high – even though there are 5.9 million unemployed Americans trying to find a job.
- Small businesses around the country are struggling to fill open positions.
- California fish market owner Giovanni DeGarimore: “We’ve never had this many job openings ever in history.”
- Pennsylvania auto shop owner Josh Chalfa: “You know, if I put out an ad to get hired, we might only get at best one or two people that apply. And typically those one or two people are maybe somebody that hasn't had work experience in the industry, or gone to school for it, or anything like that.”
BIDEN PUSHED AN UNCONSTITUTIONAL VACCINE MANDATE THAT THREATENED SMALL BUSINESSES
- Biden attempted to push a vaccine mandate on small businesses with fewer than 100 employees.
- The Republican National Committee (RNC) immediately sued the Biden administration to protect Americans from this authoritarian overreach, leading to the administration withdrawing the mandate.
