statistically impossible.
#43 | Posted by eberly
Small-business owners have long been considered reliable voters for the Republican Party. Republicans, after all, were thought more likely to give them tax breaks and not pile on burdensome regulations that cost money and time.
But there's evidence that small-business owners may have swung a little further left this election.
A recent analysis of election contribution data, reported recently by USA Today, found that Obama out-raised McCain, $20.5 million to $13.4 million, among contributors in the "miscellaneous business" sector, which includes many small businesses. (Those numbers don't include September and October, when McCain wasn't taking private donations.) What's more about 5,845 contributors who classified themselves as "CEO" or "chief executive" gave money to Obama, compared with 2,597 of McCain donors. These numbers are almost opposite what happened in the 2004 election, when a far greater number of business owners and leaders contributed to President Bush compared with Democratic Sen. John Kerry.
Some pre-election polls also showed that entrepreneurs were pretty evenly split between Obama supporters and McCain supporters again, in contrast to previous elections where the Republican candidate was clearly the favorite.
"Overall, we have seen a swing from Republican to Democrat" in this election, said Todd McCracken, president of the bipartisan National Small Business Association in an interview yesterday. One explanation could be young entrepreneurs. Younger voters tilt heavily toward Obama and the Democratic Party in general, and young entrepreneurs likely do so as well.
He also thinks the perception that small-business owners have traditionally been overwhelmingly Republican is perhaps somewhat overblown. It could be Republican business owners are more outspoken about their political beliefs. But Mr. McCracken quickly pointed out that, "You may have small-business owners who consider themselves Democrat but don't want to see their taxes go up."
blogs.wsj.com