Small Business Advocate Poll: Are we wishing our lives away?

The Question:
How much do you think the economy is being affected by businesses and consumers waiting to see who the next president is?

2% - Not at all

74% - A lot

24% - Probably somewhat

My Commentary:
Just as it seemed we might be getting some wind under the wings of this economy, it looks like it’s starting to lose altitude. Of course, there are many reasons, including high energy prices, high unemployment, loss of confidence in big banks, and the crisis in the Eurozone, just to name a few.

But the elephant in economic recovery’s living room is presidential politics. Never in my life - not even when Carter ran for reelection in 1980 - has there been such anxiety about who was going to be the next president.

We wanted to know just how big this issue was, so last week we asked you this question: “How much do you think the economy is being affected by businesses and consumers waiting to see who the next president is?” Here’s what you said.

A tiny part of our respondents - 2% - said “Not at all,” and a little less than one in four said the election is “Somewhat” influencing economic decisions. But the big group - 74% - said election anxiety was affecting business and consumer buying decisions “a lot.”

A long time ago I made the decision not to wish my life away, so I don’t want to start now. But I’m afraid my vote on this one goes with the majority. I’m ready to get this election over.

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I talked about the economy and how it is affecting buying decisions by businesses and consumers on my radio show, The Small Business Advocate.  Click here to download or listen.

Check out more great SBA content HERE!

Take this week’s poll HERE!

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