This past year, the presidential campaign has been
headlining in the news almost every day. Finally, election day came and Donald Trump
is now the Presidential Elect. Many people now wonder what the economy will be
like once he’s president, since he’s a business man himself. “Manta's survey,
which polled a diverse group of 834 small-business owners nationwide between
Sept. 26 and Sept. 28 revealed that Republican candidate and business mogul
Donald Trump was the winner, with 58.7 percent. Democratic candidate Hillary
Clinton garnered 41.3 percent of their vote” (Lori Ioannou). Yet, many surveys
how that these small businesses choose him over Clinton. They say that he’s a
businessman who will help the smaller business thrive so there can be an
economy boost. Despite the positive feedback from some small business, there
are others who think that its will destroy their future. “Trump cannot relate
to the struggles of the average American business owner. Born into wealth, his
father issued him with a $1 million loan to get his business off the ground.
Despite his claims that his rise to one of the wealthiest Americans wasn’t
easy, Trump does not know what it’s like to pinch pennies. Further, his
companies claimed bankruptcy four times” (Rohit Arora). Their view on this is
where I agree, although he may be a business man, he doesn’t know what it means
to start from nothing or to struggle as you continue your business. “Many small
business investors secure equity funds from relatives, friends, colleagues, or
customers who hope to see their businesses succeed and get a return on their
investment. Other sources of equity financing can include venture capitalists,
individuals with substantial net worth, corporations, and financial
institutions” (447). With his view on deporting all the immigrants, if that
were to happen, the economy would crash. Business would be at a standstill for
lack of employees. Yes, they may be here illegally but they are contributing to
our economy. No one would want to do their dirty work so who will them? This is
a conflicted argument, but unfortunately, small businesses will suffer to an extent.
Sources
Cited
Arora, Rohit. "Why Donald Trump Would Be the
Worst President for Small Business." Forbes. Forbes, 29 Feb. 2016. Web. 12
Dec. 2016.
Ioannou, Lori. "Small Business Says Trump Is
Their Pick for President." CNBC. CNBC, 5 Oct. 2016. Web. 12 Dec. 2016.
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