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NFIB Small Business Optimism Index: -3.0 to 91.4, vs. consensus of 92.0, 94.4 in May. The report...
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Tuesday, July 10, 2012, 7:30 AM ETNFIB Small Business Optimism Index: -3.0 to 91.4, vs. consensus of 92.0, 94.4 in May. The report is a clear indication of slow growth. 23% of owners cites weak sales as one of the most important business problem.
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Thank the GOP Congress nicely for blocking all attempts to revive the economy.
Still waiting for an Obama plan on the economy that doesnt involve more jobkilling government taxation, regulation and deficit spending.
I do thank the GOP Congress for at least stopping more bad govt-expanding ideas, but the dysfunction in DC is totally bipartisan.
Banks are in full protection mode still. Everytime I read an article how Chase is giving out small business loans, I think that article must be a paid article for PR. Every accountant I know that deals with small businesses has told me it only has gotten worse over the years for their clients to obtain financing. Banks are tightening up more.
Banks should never have been bailed out....a more workable idea should have been to give each American 20-30k or whatever the calculation is instead to pay off their own debt which would ultimately help banks AND Americans.
Rant over
That's the best I could tell you based on not knowing all those particulars briefly noted above.