Small business optimism sees slight uptick
CNBC discusses the small tick up in the NFIB Small Business Optimism Index with William Dunkelberg, Chief Economist for the National Federation of Independent Business. Note that despite the uptick, small businesses are not saying they plan to hire more workers or increase capital investment. The world in small business land is in a world of hurt.
The numbers Dunkelberg goes through are pretty terrible actually. Note his comments about small businesses not wanting new loans. This goes to the credit problem being as much demand for new loans as supply. A payroll tax cut would be the best way to help small business and increase spending because it is a very regressive form of taxation.