Small Business Optimism PLUNGES: Firms See Lower Spending And More Layoffs Ahead

The Business Insider ^ | 8-2-2010

[blam]

Small Business Optimism PLUNGES: Firms See Lower Spending And More Layoffs Ahead

Joe Weisenthal
Aug. 2, 2010, 5:28 PM

Image: Gallup

The latest Wells Fargo/Gallup small business survey is out and it's UGLY.

In keeping with other indications that the state of small business is very bad, the survey indicates a level of pessimism about future results that's worse even that during the worst of the crisis.

What's more, small firms seem lower spending, lower cash flows, and lower headcount in the future.

As you click through the service, think of the contrast with the upbeat earnings and outlooks you've seen from the S&P 500 this quarter.

Click here to see the charts >

[snip]

[Hodar]

Maybe if we raise taxes, that will stimulate companies to invest and hire more Americans? < /sarc>

[cardinal4]

all part of the plan..

[blam]

Dow Surges More Than 200 Points: Here's What You Need To Know

[jessduntno]

What little hope WE have is that someone talks these clowns in off the ledge on the tax cuts ... cause if they don’t, we are screwd, blewd and tatuuud .... I’ll be taking early retirement ... or laying myself off.

[qam1]

Suuurrrrre, The stock market was up 200 points today and in the media today they all report that Happy Days are here again.

They can’t be lying now can they?

[rod1]

Obama hammers the little guy first and foremost.

[WOBBLY BOB]

“Recovery” Showing New Signs of Losing Steam

http://www.cnbc.com/id/38258512

“recovery summer” was short

[alice_in_bubbaland]

That's not sarcasm! It's Obummer’s economic policy!

I call it scary!

[Sleeping Freeper]

http://www.freerepublic.com/focus/f-news/2563256/posts

This 1099 reporting requirment for $600 purchases isn’t going to help either....

[blam]

"Obama hammers the little guy first and foremost."

Let me guess.
Are most small business owners White males?

[EGPWS]

all part of the plan..

Obama planning on taking over small business too?

[umgud]

Small business sees nothing but uncertainty ahead and just can’t do any forward planning of any kind.

They don’t know what’s next on the hit list and believe they are the hit-ee’s.

[The Antiyuppie]

““recovery summer” was short”

I, and tens of millions of others must have missed it. Time flies when you’re having fun!

[rdl6989]

Can we say “depression” yet?

[PSYCHO-FREEP]

Loans, they just need more loans. That will cure the problem.

[Cheerio]

Gee, didn't the spendthrifts in the WH tell us we had entered the "SUMMER OF RECOVERY"? Yet another lie.

[Gene Eric]

Your Hope has been redistributed. Here's your Change.

[LostInBayport]

Can we say “depression” yet?

Quite a few people are saying that...I'm not talking pundits, but everyday people. I'm often surprised at the range of people who have a pretty good idea of what lies ahead. The drive-by media are nowhere near as clever and convincing as they think they are. Neither are Congress and Obama...people know what's going on. Of course, we FReepers can do our part to fill them in on the things the MSM doesn't...like the 1099 deal.

[cardinal4]

it is my belief they want everyone working in the same place. Nothing else explains the insanity..