Monday, January 9, 2012

D.C. Gridlock seen as a Big Threat to Small Business

Staying current with business news, while sometimes an arduous task, is important when looking at the economic landscape. The political gridlock in DC is one of the main points of concern in small businesses. MSNNBC business asked small businesses about this indecision and how it affects their own decision-making.  “Consumer confidence moves the economy,” a small auto-retailer said. “The biggest single thing they can do (in Washington) to boost the economy is to boost confidence. And to do that, consumers have to believe that there is leadership that can get their act together to make the spending cuts on stuff we don't need.” Other concerns include hiring talented people, and the inability to offer benefits to employees. The gridlock certainly isn't instilling confidence into small business owners, so many are cutting back.

To read more about the gridlock's effect on small business, click here: