US business owners renewed Trump’s economy’s optimism and supported Doge and tariffs
Fox Business’s “Madison Alworth” talks with Damian Chavez, owner of “People’s Bakery,” about the major economic issues that prompted the vote to Republicans.
First on FOX: American small business owners feel 180 degrees of change in the economy and are generally optimistic about the Department of Tariffs and the Department of Government Efficiency (DOGE) budget scrapping efforts, according to a new study.
The 2025 Redballoon and Publicsquare’s first Freedom Economy Index (FEI) that took place between February 25th and March 7th, attracted sentiment from over 50,000 owners in 34 states. 68% of respondents found that they predicted either “slow” or “robust” economic growth throughout the year.
Nearly six of 10 small business owners said they believe the US is when compared to the last survey published in October We headed towards a recession.
Top ‘Non-Woke’ job board CEO will respond to the 2025 Red Flag report that is “worst” to date.
The first Freedom Economy Index survey of 2025 found that employers were ecstatic about tariffs and overwhelmingly support Doge’s efforts under Elon Musk. (Getty Images)
The switch in recession concerns came after the election, with 80% saying their views have improved “significantly” or “somewhat” since President Donald Trump won his second term, according to the FEI. Only 6.6% say their opinions have become more negative about the economy.
Nearly a third of employers are ready to expand employment this year, but at first glance I was fed up with the tariff discussion. However, concerns about inflation still remain.
When asked what their top three concerns were for the next six months, inflation rates were nearly 70% followed by taxes and regulations. The tariffs ranked the most in worry at 16.9%.
Three voters seeking employment also spoke to Fox News Digital about how their financial situation has deteriorated over the past four years and the impact they have on vote decisions.
Six in 10 small business owners reported high inflation remains a problem. In a survey in October, nearly 88% said high inflation remains a factor.
Previous FEI surveys show owners condemn the decades of inflation’s runaway government spending they once saw under the Biden administration. They reportedly are excited by Doge’s efforts to reduce excessive spending.
Elon Musk goes behind the scenes at Doge and reveals the biggest source of fraud
The top priority for small business owners in President Trump’s first 100 days is to end wasteful spending and reduce the size of the government, with 78.4% of respondents ranked No. 1 location.
SPACEX founder and CEO and Advisor Elon Musk, the Office of Government Efficiency, spends Doge’s targeted “scams” and how the newly-built office runs in a wide range of interviews with “Kudlow.”
Almost 50% of survey takers say Doge Chairman Elon Musk is “very confident” to succeed in his mission to reduce spending waste.
What to evaluate Doge’s top agency targets 33.7% of owners want Musk to clean up the Finance and Internal Revenue Service home. The Department of Health and Human Services, Education and Justice divisions came in second, third and fourth, respectively, but all hovered around 15%.
Most frontline businesses (76.7%) feel that attacks on Doge to access potentially sensitive data and information at the federal level are “fake rage” by people opposed to President Trump.
Publicsquare Founder and CEO Michael Seifert discusses the mission of the new administration, the ideology of “awakening” in American businesses, and the impact of Trump’s election victory on Publicsquare.
Musk is also the Trump advisor that American business owners love most, with 79.1% agreeing that he strongly endorses him. Musk is followed by Secretary of Defense Pete Hegses and HHS Secretary Robert F. Kennedy Jr.
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The employer’s proposed solutions to economic problems are ultimately divided into seven major policy thrusts. Reduce regulations, develop more skilled employees, reduce taxes, gain better access to capital, control inflation, promote economic stability, and reduce energy costs.