Tag: Small business

I wonder why…

Bloomberg is reporting this:

Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

The National Federation of Independent Business’s index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said.

The share of business owners who say now is a good time to expand is three times the average of the current expansion, according to the NFIB’s data. More companies also said they plan to increase investment and keep hiring, which reflects optimism surrounding President-elect Donald Trump’s plans of spurring the economy through deregulation, tax reform and infrastructure spending.

“We haven’t seen numbers like this in a long time,” Juanita Duggan, president and chief executive of the NFIB, said in a statement. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy. Business owners are feeling better about taking risks and making investments.”

The NFIB report was based on a survey of 619 small-business owners through Dec. 28. Small companies represent more than 99 percent of all U.S employers, according to the U.S. Small Business Administration. A small business is defined as an independent enterprise with no more than 500 employees.

What could the parallel with 1980 and today be? What changed? It feels like it is on the tip of my tongue and explains why a specific group of people is going batshit crazy right now. I bet the dnc operatives with bylines will do their best to ignore or downplay, and when forced to deal with it, blame racism of the American people and the greed of the entrepreneurial class.

UPDATE: In case it escapes you, things like the revelation in this article are precisely why the left has gone unhinged. Nothing is more dangerous and frightening to them and their narrative/agenda than things getting better. Especially since Trump – be it through action or inaction, deservedly or otherwise – gets credit. After all, even a mediocre Trump presidency will be better than what we have had, putting the last 8 years and the fake stories of how great things have been, in perspective.

UPDATE 2: As I posted in the comments people fucked over by decades of collectivist criminal rule, are wishing they had a Trump. Of course, those that need to pretend this isn’t something damning and a result of decades of failure of the globalist collectivist agenda/movement, are now deflecting by pointing out that butthurt leftists think this will give California the push it needs to secede or Hawaii the push to ask for independence. I laugh at this idiocy. These are the same people that promised to move to Canada if Trump won, and so far none of them are packing. I also want to stress how unpatriotic, un-American, and downright vile and subversive talk like this was when the turds though Clinton was a sure thing. Now, it’s the opposite. Double standards and lack of shame, something something.

The left is not just downright in denial, but going nuts and flirting with going violent. The refutation of their quasi-religious dogma, by people they look down on and hold the lowest of possible opinions of, of all things, has left them with an existential crisis. They thought after Obama’s win that it would only be team blue that would win elections going forward. After all, they were busy rigging the game to make it so. The shit they believe in, no matter that it always fails and ends in disaster, was the wave of the future. Their religion had defeated the infidels and their crazy belief that reality and the laws of economics, human nature, and physics couldn’t be bent by delusional beliefs, had not just been validated, but it was the global consensus! The right was dead. Collectivism had won. After 8 years of this shit and a world left in flames by the left and its policies, along comes a guy that is totally un-PC, plays by their rules, actually believes the shit Obama used to say about hope and change to just win elections, plans to act on making it so (by of all things rolling back the damage done by Obama), and couldn’t be brought low by the usual tactics and the cabal between the DNC and their operatives with bylines. They lose, and the trend seems to be global in movement. And it has unhinged them.

Trump, a guy I used to hold a so-so opinion of before the left clearly drove me into his camp, is an existential threat to them. They can’t let him succeed, because that would be even more of a validation that their shit is broke. It will now get ugly, and these people will try hard to pretend they hold the moral high ground (that’s why Trump is Hitler), but every time they open their mouth or act, more people see the light. Oh, how sweet the tears and pants shitting of the moronic!

That’s because they get it!

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.