The MerchantCircle Blog

Despite $700 Billion Bailout - 80% of Small Business Owners Still Not Convinced It Will Help

As we prepare Tuesday's official release of our Presidential Election Survey results, we're coming across a lot of discrepancies between the Government's message and what Main Street America believes. We also have an overwhelming response as to who Small Business Owners plan on voting for come November election time. Here's an excerpt of the release below:

MORE THAN 44% OF SMALL BUSINESS OWNERS SAY $700 BILLION DOLLAR FINANCIAL BAILOUT WILL NOT HELP THEM, AND 35% NOT SURE ACCORDING TO NEW STUDY Despite White House and Congressional Efforts to Persuade Main Street America the Bailout is Needed, Nearly 80% of Small Business Owners Remain Unconvinced Los Altos, CA October 3, 2008 – Only 20.1% of local business owners surveyed around the nation believe the U.S. Government’s proposed $700 billion bailout of the financial industry will help them, according to new survey results set to be released next Tuesday. The study was conducted from September 25 to October 1 by MerchantCircle, the largest social network of local business owners in the nation. The survey results came from over 4,200 responders in all 50 states. MerchantCircle has 625,000 members across the nation. “I think what we’re seeing here is Washington not conveying their message to Main Street America,” says MerchantCircle Founder, Ben T. Smith, IV. “Nearly 45% say the bailout will not help them out, and 35% aren’t sure. To me, that means they view this bailout as only helping out Wall Street, with little effect on the economy around them. The focus should be on how Main Street America sees this bailout – and that’s not coming across.”

Labels: $700 Billion Bailout, 700 Billion, Main Street, Merchant Circle, MerchantCircle, MerchantCircle.com, Presidential Election, Small Business Owners, Wall Street

posted by MerchantCircle Staff at 10/03/2008 05:03:00 PM ,