Posted on 12/04/2009 9:25:07 PM PST by george76
Although the Fed and most economic forecasters are all looking ahead to the recovery, small business owners do not see convinced.
Economic confidence among America's small business owners plummeted in November, as more owners cited serious concerns about cash flow and saw economic conditions for their own businesses getting worse.
52 percent of owners say they have experienced cash flow issues in the past 90 days, up from 44 percent in October. ...
53 percent of small business owners see conditions getting worse in the next six months, up from 43 percent in October...
62 percent of small business owners rate the economy as poor, an increase from 55 percent in October...
53 percent of small business owners think the overall economy is getting worse.
A majority of small business owners think the economy is getting worse, not better. And if small businesses are not confident, then they are not hiring.
(Excerpt) Read more at globaleconomicanalysis.blogspot.com ...
I would agree as all I am doing these days is working on downsizing my workforce, shedding non-productive assets, eliminating debt. Basic survival techniques.
Not reinvesting in equipment and growth. There are no brite spots in business these days. My industry has seen 30% declines for two years.
Obummer will be the collapse of most small to med business.
1. Cap and trade
2. Health Care
3. Tax increases and fines, levies
4. Card Check.
I hope my 100 year old business holds on for the next couple of years. 2013 can’t come fast enough.
Lots of new and higher government fees.
Plus clever tricks like revenue cameras with short yellow lights.
Liberals have no idea what is really happening. They assume that we will work full time and they have never heard of John Galt.
I pray that it works for you. 100 years, that’s a lot of history!
Liberals are in a dream world. Unbelievable how they “think”....don’t think.
My little manufacturing business hasn’t been around nearly as long. Only 15 years.
I felt in my gut in late summer 2008 that this guy was most likely going to sail through. I think lots of small businesses saw it coming and started shedding liabilities.
I am down to two part timers and myself. I order minimal raw materials for production. My building lease is up and I am trying to negotiate the shortest lease renewal possible. I am willing to take the whole thing home and do it there to keep it going.
Prayers for your 100 Y.O biz and my 12 Y.O. biz.
God bless us every one.
If there is no president with an extensive voting record in favor of a much larger manufacturing base, most of us will probably be spending and voting even less after 2012. Maybe a big default will be necessary to rid all locales of NIMBYs, HOA hawgs, bureaucrats and social programs. Either the easier way or the harder way will be fine.
As for the “Galt” character, there will be good differences in survivability between physically inclined engineers (along with their technical friends) and former administrators. ...not to mention the distances, security obstacles and other differences between the two types.
Many have been forced to downsize their lifestyle, business, and such.
Others are doing it in preparation of what is heading our way. We felt the earthquake and now many are getting off the beach before the big wave hits.
That is very true, george76, and I don’t know of any easy correction for us. We can’t live off of the vices of foreign tourists alone and at least need to build plows and grow beans for real trade.
Such production would require that each American neighbor stop regarding unreasonable regulations (e.g., against small, independent manufacturing operations) as being proper tools for competition against other neighbors and stop regarding the properties of others as being their own to control.
If a man wants to make a chair, pulley or circuit for a gizmo in his own rural yard, he shouldn’t be encumbered by busybody neighbors. IMO, such small manufacturing operations will be happening soon the easy way (nice, tolerant neighbors) or the hard way (stubborn, starving neighbors with no more revenues for enforcing their communist “contract”/regulatory tendencies against others’ property rights).
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