Small business optimism sees slight uptick

By Edward Harrison On Sep 14, 2010

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.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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