50% of SMBs Disapprove of Feds’ Russia War Policies

April 18, 2022

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By Anna Peel. Originally published at ValueWalk.

Half of all business owners (50%) disapprove of the U.S. federal government’s decisions regarding the Russia-Ukraine War. And 67% say those policies have adversely affected their already-challenging business recoveries.

Here are additional highlights of Alignable’s War Opinion Poll, conducted among 6,453 randomly selected small business owners from 3/22/22 to 4/13/22.

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SMBs Disapprove of Feds’ Russia War Policies

The No. 1 problem 53% of SMBs would like the feds to fix is skyrocketing inflation, which has only grown more severe after war sanctions.
Only 18% of small business owners approve of the way the Biden administration has reacted to the war. That approval rating is 3% worse than Biden’s 21% approval rating by SMBs just two months ago.
38% called the policies “very ineffective,” noting that they have just damaged the U.S. economy without helping Ukrainians.
While 24% say they have donated supplies and/or money to international organizations helping Ukrainian refugees, 46% said, unfortunately, they’re unable to donate anything to the refugees because of their own significant financial challenges.
75% of SMBs in AZ expressed disapproval of the war policies, along with 61% in Ohio, 54% in PA, 52% in TX and 50% in FL. Only 38% of NY-based SMBs disapprove.
SMBs across many industries took issue with the policies, especially given gas price spikes — 71% in the automotive sector, 60% in aviation, and 59% of plumbers.
Several poll-takers’ quotes supported reopening the Keystone pipeline to reduce or eliminate our energy dependence on foreign powers.