"History is a wonderful thing, if only it was true"

Tuesday, July 13, 2010

No real surprise

Wrong headed policies from Washington
From uncertainties arising from health care reform to prospects of tax increases, from spending on make-work projects (census?) to hostility towards business, there is growing malaise in small business.

The march towards a social welfare state is bound to discourage invention and investment.

Layer on the dearth of credit from banks, and we have growing gloom.

Suggestion : bring some positive, predictable policies to the table.

Small-Business Confidence in U.S. Drops to Three-Month Low - BusinessWeek:

"July 13 (Bloomberg) -- Confidence among U.S. small businesses fell in June to the lowest level in three months as projections for profits, sales and economic conditions weakened, a private survey found.

The National Federation of Independent Business’s optimism index decreased to 89 from May’s 92.2 reading that was the highest since September 2008, the Washington-based group said today. Seven of the index’s 10 components dropped, led by a decline in the economic outlook six months from now."

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