A shocking figure from the Wave [Accounting] survey [of their 250,000 micro and SMB customers] relates to how well the business owners were able to meet their basic needs through their business. An incredible 52 percent of American small business owners can’t put food on the table through the earnings from their business over the past 12 months.
Even though many said they can’t make ends meet, it is not due to a lack of effort. Two thirds (66 percent) of business owners in the Wave survey reported struggling with time management and work/life balance with 43 percent of respondents having to work after normal business hours to take care of administrative tasks like accounting and bookkeeping.
If this is Mr. Obama's idea of "doing fine," I'd love to see his definition of "doing poorly."