Iowa caucus marks voters' first chance to begin kicking Bidenomics to the curb

The Iowa Caucus marks Americans' first opportunity to begin replacing President Joe Biden's failed economy. Sadly, voter pushback won’t come soon enough for many small business casualties such as the Jerald Sulky Company, a Waterloo, Iowa-based manufacturer of performance horse-drawn vehicles owned by Erik Lee that is closing after 125 years in business. 

Over the past three years, small businesses have faced numerous hurdles, including COVID-19 shutdowns, historic inflation, high borrowing costs, tax increases and over-regulation. Arguably, the biggest challenge facing small businesses is the beleaguered American consumer.  

The pressure on household budgets, including at higher income levels not historically impacted by inflation, has caused underlying changes in spending patterns that are not yet reflected in overall economic figures.