Will Romney or Obama be better for small businesses?Considering the state of the economy and the coming election, do you think it really matters which one of the candidates wins?  Are they good...

Will Romney or Obama be better for small businesses?

Considering the state of the economy and the coming election, do you think it really matters which one of the candidates wins?  Are they good enough to create sustainable growth in the job market or rather they should focus on creating opportunities for new small business? 

Has Obama created a good environment for small business activities during his term?

Based on Romney promises, what can we expect in the area of small business development?

 

Asked on by eeeg33

5 Answers | Add Yours

bullgatortail's profile pic

bullgatortail | High School Teacher | (Level 1) Distinguished Educator

Posted on

It's sad that the other posts reflect the attitude of most Americans. I don't have much faith in either candidate living up to their promises, and small businesses will probably continue to suffer. Romney, who claims to have the solution for reviving small businesses, seems to consider a "small business" a multi-million dollar establishment, so I don't believe his plans will help the true small businessman.

litteacher8's profile pic

litteacher8 | High School Teacher | (Level 3) Distinguished Educator

Posted on

I doubt it will make any difference.  The president cannot accomplish anything if Congress is completely deadlocked.  Both of them will make promises, but can either of them keep them?

rrteacher's profile pic

rrteacher | College Teacher | (Level 2) Educator Emeritus

Posted on

It is difficult to say, as pohnpei alludes to, and this has been, I think, the most frustrating aspect of this election cycle for many people. While I support one candidate over the other for a number of reasons, my feeling is that both are struggling to imagine how they will grow the economy, especially small businesses, while simultaneously attacking the federal debt. I know several small business owners who argue that President Obama's proposed tax increases will affect them, and I know others who fear that the possibility of austerity measures proposed by Republican leaders (though, admittedly, less so by Romney, especially lately) will make it more difficult for them to do business. 

pohnpei397's profile pic

pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted on

I do not believe that presidents have enough control over the economy to make a real difference.  One way they can make a difference is if small business-owners think one guy is better than the other.  They will then have more confidence if he is elected and they will be more likely to start and/or expand small businesses.  From this point of view, Romney is likely to be better because of all the propaganda that is out there about Obama as a job-killing socialist.

beefheart's profile pic

beefheart | Student, Undergraduate | (Level 3) Honors

Posted on

Sadly, I think that whoever wins, they'll have very little wiggle-room to make any major changes. As far as the economy goes, the big players have full control of Washington's purse-strings. I think it's obscene that the super-rich and the big corporations receive huge tax breaks while the people in the middle don't. Why on Earth does George Soros pay less tax per dollar than his PA? It is unjustifiable. But money is power and these rich, powerful groups can afford to sponsor politicians. If politicians don't support the rich, they don't get sponsored.

Until the supreme court puts a cap on donations to political campaigns, then the economy will be run for the benefit of rich people/corps. And I don't think it really makes much difference whether Obama or Romney is President.

EXCEPT that I think Obama doesn't like the current situation whereas Romney loves it. Which is why I'd vote for Obama, at least he wants to help normal people.

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