My blogging will be a bit spotty this week and next. I am taking a few days off here and there before the fall semester kicks off.
Just thought I should pass along the National Federation of Independent Business monthly Small Business Economic Trends survey that came out this week.
This month's survey reports small business owner optimism fell 1.3 points to 86.5, producing the second monthly decline in a row (but still above the March reading of 81.0, the lowest reading of this recession).
The main cause was a decline in expectations that business conditions during this prolonged recession would improve any time soon. The percent of owners expecting business conditions to deteriorate lost 10 percentage points from June, 15 points from May.
Lethargic expectations, not much faith in a future dominated by lawmakers in Washington, D.C. and trillion-dollar deficits all contribute to small business owners' deteriorating expectations.
"It's not enough that small business produce half the private GDP, employ the bulk of the private sector workforce and generate most of the new jobs created, now they are expected to finance the new experiments of Congress and the president such as healthcare reform, auto industry bailouts and union pension fund bailouts," said Bill Dunkelberg, NFIB's chief economist.
Indeed! It is time to stop punishing entrepreneurs for their success by confiscating more and more of the fruits of their risk-taking to fund bailouts and growing entitlements.
Just thought I should pass along the National Federation of Independent Business monthly Small Business Economic Trends survey that came out this week.
This month's survey reports small business owner optimism fell 1.3 points to 86.5, producing the second monthly decline in a row (but still above the March reading of 81.0, the lowest reading of this recession).
The main cause was a decline in expectations that business conditions during this prolonged recession would improve any time soon. The percent of owners expecting business conditions to deteriorate lost 10 percentage points from June, 15 points from May.
Lethargic expectations, not much faith in a future dominated by lawmakers in Washington, D.C. and trillion-dollar deficits all contribute to small business owners' deteriorating expectations.
"It's not enough that small business produce half the private GDP, employ the bulk of the private sector workforce and generate most of the new jobs created, now they are expected to finance the new experiments of Congress and the president such as healthcare reform, auto industry bailouts and union pension fund bailouts," said Bill Dunkelberg, NFIB's chief economist.
Indeed! It is time to stop punishing entrepreneurs for their success by confiscating more and more of the fruits of their risk-taking to fund bailouts and growing entitlements.
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