TOLEDO, Ohio — The cream of the small-business community here tucked into their lunch on a top floor of a bank building and pondered the question put to them by their local lender’s economist.
More than any other president since Ronald Reagan, President Trump is moving to strip away regulations and slash taxes, said Jeffrey Korzenik, an investment strategist with Fifth Third, a large regional bank in the Midwest and Southeast. In meetings with clients, Mr. Korzenik has been making the case that these policies will rouse the slumbering animal spirits in businesses across America.
“And now we have seen this huge spike in small-business confidence since the election,” Mr. Korzenik said, pointing to a chart. “So I have to ask you: Do you feel more confident now?”
There was a moment of silence, broken only by a howling northwestern Ohio wind that rattled the floor-to-ceiling windows in the bank’s boardroom.
Then, with rapid-fire speed, came the responses.
The
president of a trucking company spoke of a “tremendous dark cloud” lifting when he realized he would no longer be feeling the burden of rules and regulations imposed by the Obama administration.
The owner of an
automotive parts assembler gave thanks that he would not be receiving visits from pesky environmental and workplace overseers.
And the head of a
seating manufacturer expressed hope that, finally, his health care costs would come down when the Affordable Care Act was repealed.