Is the bailout good for small business?
October 4, 2008 by ShannonCherry
Filed under Business
Just more than half of small business owners recently surveyed feel the 700 billion dollar Wall Street bailout will be bad for business. That’s according to the latest SurePayroll survey of 262 small business owners.
When asked, “What is your primary reaction regarding the bailout?” survey participants responded as follows:
- 45.4% “It’s sad that we have to do it.”
- 36.6% “I am angry about it.”
- 2.7% “I am glad that it’s happening”
- 15.27% Other
So what about you? Do you think the bailout will be good for you?
If people have been paying attention to their finances and have money in the stock market, or mutual funds, or even does some work for larger businesses, then yes, the bailout is good for small business. If things continue badly, there won’t be any money in our pockets coming from either entity, and that can’t be a good thing. That, plus many businesses need access to easy capital, and if the credit crunch reduces the amount they have access to,… well, you know.