Bidenomics: Small Business Outlook Remains Dismal For 19th Straight Month
The Biden White House has been struggling to get the American public to buy into its positive spin on the economy, which it has dubbed Bidenomics. On Tuesday, a survey of small businesses indicated why that is such a hard sell.
Small business owners have a “dismal” outlook about sales growth and business conditions, said Bill Dunkelberg, the chief economist at the National Federation of Independent Business. The NFIB’s small business optimism index came in at 91.9 for July, up 0.9 points from the prior month but well below the index’s 49-year average of 98.
This was the 19th consecutive month below the average reading.
The share of owners expecting better business conditions over the next six months rose 10 points from June—but it remains historically very negative at a net -30 percent.
42% of People That Voted for Biden in 2020 Say the Economy Has Gotten Worse
WASHINGTON (TND) — Despite the Fed and other major institutions – like Bank of America and JP Morgan – no longer predicting the economy will head into a recession, Americans are still not happy with the state of the economy.
A recent poll from CNN shows Americans think the economy is getting worse, and another from the Associated Press found only 34% approve of how President Joe Biden is handling the economy.
Additionally, a recent Reuters/IPSOS poll from shows even 42% of people that voted for Biden in 2020 say the economy has gotten worse.