Fro a while now we have had an orchestrated LSM attempt to pretend that the economy is not in the tank or heading that way yet again, so it comes as no surprise to me that 7 in 10 small business owners are not hiring, and blaming the economic policies of the last 3 years and the bad economy it has created for not doing so. Things are bad out there. Don’t let the LSM tools that shill for the collectivists tell you otherwise. And most small business owners put the blame squarely where it belongs despite USNews’s attempt to hide that:
The Obama economy is so bad that 77 percent of small business owners do not plan to hire any more workers despite all of Washington’s hype that the business climate is getting better. Worse: 64 percent of small business owners in a new survey provided to Whispers see the nation teetering on the verge of another recession.
Most shocking of all in the survey of small and medium sized business owners is that many would like to hire more workers but can’t, and new financing rules imposed by hurting banks have made getting loans sharply more difficult than in the past.
These small business owners are right: the current business climate is downright hostile to most business owners, and doubly so to small business owners, and unless your run a mega corp that gives big to one political party, you are threading water. Business owners are lambasted regularly by the collectivist, wealth redistribution, class warriors that totally owned government for 2 years, and still hold the executive and the Senate. We have had a slew of horrible anti-business laws passed during the left’s tenure, including some which have begun to show their negative impact but are going to inflict far more damage and pain down the road, like Obamacare. But even worse is how we now have rogue agencies like the EPA doing what the left couldn’t by law, and coming up with their own business crushing rules. Rules, I add, that a big government growing, tax and spend heavy collectivist wealth redistributionist, democrat controlled congress, with a clear majority that would allow them to override any veto, and that told us they had a mandate (no, not two guys on a date) to do things just like that, wanted desperately, but could not pass. And that was because these onerous rules were economically poisonous and deadly to anyone that voted for them. So yeah, being a small business owner these days is down right dangerous business.
Also, I need to correct the authors and point out that banks are not loaning because banks are now by law mandated to hold on to much larger cash reserves, and have far more onerous regulation related to risk that make any kind of loans to people that didn’t need it in the first place, dangerous to them.
“Despite positive job numbers for the month of October, it is clear that business owners have a differing view of the economy,” said Connie Certusi, executive vice president and general manager of Small Business Accounting Solutions, a division of Sage North America. Sage, a business management software supplier, conducted the survey among its 3.2 million customers.
Those positive numbers they talk about is only “positive” if you are desperate to pretend that the general actions of the collectivists have done anything but harm to the economy. Otherwise the numbers are still showing an anemic economic condition and a desperate and moribund jobs market. Business owners get this. They are not fooled because they see the bottom line at the end of the month.
“The Sage SMB Perspective on Economic Recovery survey found that 64 percent of business owners who participated in the survey believe that we are either already in a recession or are headed for one in the next six months,” said Certusi. “Not surprisingly, 65 percent of respondents in the Sage SMB Perspective on Economic Recovery said that the negative economy has had an impact on their own business.” And, “The most telling statistic,” she added, “is that 48 percent of business owners would like to hire additional employees but cannot due to issues related to the bad economy.”
Like I said: these guys get it. They are not fooled by the propaganda media and the WH are shoveling out. I personally know people that told me a while back they would not hire with these clowns running the show, because they were not going to work to feed the beast instead of their family.
The survey will provide fodder to those in Washington worried most about the economic impact on small businesses, the sector Democrats and Republicans agree is key to creating jobs.
Hah! What it will do is make republicans say “I told you so” and democrats and the LSM get more desperate in their lies about the economic situation and what is hurting it. The one constant is that the job market will stay shitty, and that’s because the people that create wealth have had enough, if I can take a line from Joe Biden, of the raping coming from people that think the money belongs to the government. Job prospects remain bleak and we can expect this to last until the WH is vacated and the democrats are reduced to an insignificant minority and their wealth redistribution scams are terminated.