The latest Zogby Poll® of small business leaders and employees shows a majority (53%) thought that economy under the helm of President Biden has been worse off for them, while 47% said it was better off. This view flip flopped among upper and middle management employees. People at the top such as (Executives, Owners and Vice Presidents) thought things were worse off (56%) than better off (44%) compared with employees in the middle such as (Directors, Administrators, and Officers) who were more prone to think things were better off (43% worse off/57% better off).
When it came to revenue, small businesses with less than 10 million in annual revenue were more likely to think Biden's economy was worse off (57%) than better off (43%) for them. A majority (57%) of companies with more than 10 million in annual revenue thought the Biden economy was better off for their business while 43% though it was worse off.
When it came to region, only small businesses in the East (60% better off/40% worse off) thought their companies were better off, while companies in the South (45% better off/55% worse off), Central (41% better off/59% worse off) and West regions (45% better off/55% worse off) thought their businesses were worse off under President Biden's leadership.
When we asked small business leaders and employees if they thought President Biden should be re-elected, three in five (61%) thought he shouldn't be re-elected, while 39% said yes.
As in the previous question there was a difference in how upper management (Executives, Owners and Vice Presidents) and middle managers (Directors, Administrators, and Officers) felt about President Biden's re-election. Upper management was emphatic that he should not be re-elected (61% no, 39% yes) while middle management was more sanguine (53% yes, 47% no)
There was a difference in intensity among small businesses' annual revenue-companies that earned less than 10 million (37% yes, 63% no) were not enthusiastic with his re-election. When it came to companies that earned more than 10 million dollars annually, 46% felt he should be re-elected, while 54% felt President Biden should not be reelected. Either way, most businesses did not think he deserved re-election.
As President Biden's agenda, mainly the Build Back Better bill, is stalled in Congress, his approval and job performance have dipped to all time lows, President Biden's also simultaneously dealing with a new variant of the Coronavirus pandemic (Omicron), while the previous variant (Delta) is still causing most illnesses. While small businesses are finding it impossible to hire, even when they offer higher wages and better incentives, it's a wonder any business would want him reelected again! Can anything go right for Biden? His Vice President is taking it on the chin too-she has had to deal with a wave of resignations, not mention being called a bully who lacks leadership skills. With the way things are going, Democrats might need a plan B for the 2022 midterm elections and 2024 presidential election!
Zogby Analytics Poll Methodology
Business Decision Makers
11/11/21 - 11/12/21
Zogby Analytics conducted an online survey of 506 business decision makers at small businesses.
Using internal and trusted interactive partner resources, thousands of adults were randomly invited to participate in this interactive survey. Each invitation is password coded and secure so that one respondent can only access the survey one time.
Using information based on census data, voter registration figures, CIA fact books and exit polls, we use complex weighting techniques to best represent the demographics of the population being surveyed. Weighted variables may include age, race, gender, region, party, education, and religion.
Based on a confidence interval of 95%, the margin of error for 506 is +/- 4.4 percentage points. This means that all other things being equal, the identical survey repeated will have results within the margin of error 95 times out of 100.
Subsets of the data have a larger margin of error than the whole data set. As a rule we do not rely on the validity of very small subsets of the data especially sets smaller than 50-75 respondents. At that subset we can make estimations based on the data, but in these cases the data is more qualitative than quantitative.
Additional factors can create error, such as question wording and question order.
About Zogby Analytics:
Zogby Analytics is respected nationally and internationally for its opinion research capabilities. Since 1984, Zogby has empowered clients with powerful information and knowledge critical for making informed strategic decisions.
The firm conducts multi-phased opinion research engagements for banking and financial services institutions, insurance companies, hospitals and medical centers, retailers and developers, religious institutions, cultural organizations, colleges and universities, IT companies and Federal agencies. Zogby's dedication and commitment to excellence and accuracy are reflected in its state-of-the-art opinion research capabilities and objective analysis and consultation.