Small business owners aren’t feeling too hopeful these days. A new study reveals that the current economic climate is worse than it was even during the dismal Carter years. Unfortunately, we have four more years of this.
From four years past and four years of a future filled with looming taxes, stifling regulations, and the uber-burdensome bill known as Obamacare, the President’s main platform seems to be one of crushing small businesses, and by extension, crushing the American dream.
To start, results from the latest Optimism Index indicate record levels of uncertainty that exceed even the darkest days of the Carter presidency.
A report from Fox Business indicates:
“Uncertainty about the direction of business conditions in six months reached 23% of respondents, easily surpassing a pre-recession record of 15% that was reported during the Jimmy Carter administration.”
Despite the administration’s constant drum-beating of the word ‘recovery’, the optimism index remains at rates more synonymous with another ‘R’ word – recession.
Several factors have created the pessimistic mindset running rampant amongst business owners; the looming fiscal cliff, the constant threat of higher costs, higher taxes, and of course, a downward trend in sales numbers. (Read More)