U.S. President-elect Joe Biden speaks about the U.S. economy following a briefing with economic advisers in Wilmington, Delaware, November 16, 2020.Main Street confidence dropped again this quarter — the second setback this year and also only the second substantial decrease in the nearly four years since the start of the quarterly. The primary cause is simple: the election.
In fact, this quarter-over-quarter change marked the first time in the nearly four years of the tracking survey that Democrats reported an increase in confidence of five index points or greater, and also the first quarter in which Democrats' score surpassed a score of 51. It was also the first time that Republicans' score fell below 50.A new administration and a switch in party control at the highest level of government means that new policies and regulations are sure to come.
Taken together, about half of small business owners now say they expect changes in government regulations to have a negative effect on their business in the next 12 months — a new high and a big jump up from 34% last quarter, but one entirely concentrated among Republicans., Republicans and Democrats who own small businesses have essentially flipped their views from the third to the fourth quarter this year.
MakeIt It is scary with the Biden's proposed regulations and taxes in 2021. How much will the Paris accords cost us in taxes and limited growth?
MakeIt Biden is/will be despised more than any President in history.
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