Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (127031)	3/23/2012 10:49:59 AM
From: JakeStraw	6 Recommendations Read Replies (1) of 224706

Since President Obama took office four years ago, the U.S. national debt has shot up by $5 trillion—50%. Additionally, small businesses are a critical part of the job creation that occurs in the U.S. jobs market. Small firms accounted for 48.5% of job creation in 2011, and 51.6% of job creation year-to-date in 2012 (source: ADP). The National Federation of Independent Business released its latest index reading that showed that, despite the greater improvement in sentiment among small businesses, its optimism index remains at historic lows; dating back to 1986—25 years. The most striking aspect of the report was that the number one problem among small business owners going forward was poor sales visibility. The number of small business owners that were going to tap the jobs market, which would lead to job creation, has been falling steadily for the last three months. Twelve percent of owners dipped into the jobs market to create jobs; 14% reduced workers, while 74% decided to keep the status quo. Many surveyed continued to be pessimistic about the economy recovery. This suggests that job creation among small businesses will continue to be weak. As a matter of fact, small business owners were 15% more pessimistic about an economic recovery than they were last year, which will certainly not improve job creation. As a consequence, more small business owners that participated in the survey felt it was not a good time to expand and so were going to continue to hold off from large capital expenditures. According to the survey, the capital spending portion of the survey remained at historic lows, even though the reading has improved over the last few months.

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