Start Smaller: How Democrats Can Make Big on Small Business

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The polling gods have not smiled on the Biden administration lately. Since the precipitous summer withdrawal from Afghanistan, Biden & Co has had few strengths to hang on to. By almost every measure important to the American public, President BidenJoe Biden Former lawmakers sign brief to counter allegations of Trump’s executive privilege in Jan. 6 inquiry Biden appoints Sara Minkara as U.S. special adviser on international disability rights Fox poll shows Youngkin leads McAuliffe to 8 points among probable voters PLUS is underwater.

The president’s job approval hovers in the low 40s of the RealClear Politics average. The decline is mainly fueled by the losses of two groups important to the Democratic coalition. Sixty percent of independents now disapprove of the president’s job, and among Hispanics, a demographic Biden won hands down in 2020, only 43 percent currently approve of his performance.

It doesn’t look much better on individual issues. Biden gets less than 40% positive marks on his management of the economy, his work as commander-in-chief, foreign policy and immigration. While it boasted over 60% approval to handle the COVID-19 pandemic just a few months ago, that figure is below 50% and matches party lines, with 85% approval. Democrat and only 19% Republicans.

To go along with the numbers on the economy, there is a problem of generalized pessimism. As the political writer G. Elliott Morris of The Economist notes, the latest Economist survey / YouGov shows that global economic pessimism is at its highest level since summer 2020, at the height of the pandemic and lockdowns. More than 60% of Americans think the country is on the wrong track and blame Biden for rising inflation. CNBC has found that inflation is linked to COVID-19 as the most significant problem Americans face. And with the secretary of the treasury Janet YellenJanet Louise Yellen Unsecured Fossil Fuel Investments Risk Global Financial Crisis: Letter Biden and Democrats Lies About Wealth Tax, And More Elon Musk Tears Democrats’ Billionaire Tax Plan MORE offering that his expectation As inflation will return to the 2% range “by the middle to the end of next year,” there isn’t much hope for a better economic message for the midterm elections.

What can the administration do? They need to look at – and amplify – the stories of American companies and industries that are doing well and profiting from the economy. They’re over there.

Take America’s over 30 million small businesses, for example. New data from the Data Catalyst Institute (DCI) reveals a much more optimistic view of the U.S. economy by those who own businesses with 500 or fewer employees and sell goods online and offline in various industries, including food and beverages, construction, clothing and fashion, and household items, among others. DCI found that 59% of small business owners rate the state of the economy as “excellent” or “good” and 41% rate it as “fair” or “poor”. Compared to other industries, 77% of these owners describe the state of their industry as “excellent” or “good”, compared to only 23% who rate it as “fair” or “poor”.

The majority of small businesses still face challenges such as finding new customers and hiring staff. But despite this, DCI found that 76% of small business salespeople are optimistic about their business growth over the next three to five years. In fact, the researchers found that sellers who diversified their selling methods more – using more methods such as physical stores, wholesale, and online marketplaces – were one-and-a-half to two and half times more optimistic about their business, industry, and the US economy than salespeople who only use one or two channels. It can come from running a more stable business with diversified sources of income.

It’s a really good story – especially given all the negativity swirling around inflation, the supply chain, COVID-19 and other issues right now.

Another group that sees positive benefits since Biden came to power are farmers – and especially black farmers, a demographic group all too often overlooked. The American Rescue Plan has awarded more than $ 10 billion to support agriculture, half of which goes to underprivileged farmers, a quarter of whom are black, according to the Farm Bureau. The money has been used for debt relief, training and education. And given that black farmers have lost over 12 million acres of farmland since the 1950s, the US bailout could be considered the most important legislation for these farmers since the Civil Rights Act.

It sounds like a really great story too. It’s the kind of material that needs a lot more amplification – not only to tell the story of the past 10 months, but also to combat the deluge of negativity surrounding the first year of the Biden administration. This is particularly important because the impact of economic policies may not be felt immediately.

Moreover, it goes without saying that passing the bipartisan infrastructure bill and reconciliation package would mean millions more Americans could benefit from the administration’s aggressive action in the wake of the pandemic. But, in the meantime, the importance of looking at opportunities for optimism cannot be overstated. The fate of mid-sessions may depend on it.

Jessica Tarlov is Research Manager at Bustle Digital Group and Fox News Contributor. She got her doctorate. at the London School of Economics in Political Science. Follow her on Twitter @JessicaTarlov.


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