2012 Election Brings First Business Consequences

Posted on December 4, 2012 by - Also by this author

BAD MOODS & OMENS: Anyone basking in the glow of President Obama's re-election is taking false comfort as the first serious consequences loom: The election has dampened optimism among small business owners, the demographic that comprises the vast majority of the limousine industry and creates the most jobs in the U.S. Worries over massive Democratic spending plans, regulations, and health care burdens mean small businesses won't be hiring much in the new year, if at all. Threats of a plunge off the fiscal cliff could introduce all kinds of unpleasant economic effects for the small business sector. At least with the 2012 election, we'll know where to put the blame, unlike in 2008 when Obama talked a good game about being a cool, centrist reformer. 2012 Obama voters have no excuse this time around. They knew they were voting for a President with a flawed business, economic and fiscal record. Romney may not have been the ideal candidate, but most small business owners instinctively knew he would be better for the private sector. Business owners, get ready for a long four years. -- Martin Romjue, LCT editor

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