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

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."

No comments: