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More troubling news for the US Economy. According to a brand new survey 82% of small business say the economy is on the wrong track according to the US Chamber of Commerce. What’s worse is over half of small businesses expect small business climate to worsen in the next 2 years. Furthermore, 75% of business owners are blaming the Affordable Healthcare Act, better known as Obamacare, increasing their costs of doing business. Only 5% of small business believe that Obamacare will actually make health care coverage more affordable. The new health care law is also expected to put a strain on hiring. 71% of businesses confirmed say it will be harder to bring on new employees. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss common concerns that many small businesses share about the economy and whether they are valid.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: affordable healthcare act, ed butowsky, financial advisor, fox news, obamacare, small business, US economy, wealth manager