Now that we are being treated to another four years of a “You Didn’t Build It” administration, polls show, unsurprisingly, a deep level of pessimism among small business owners.
The decline of small business optimism parallels Obama’s rise to power. As Obama won the 2008 election, small business owners became more and more pessimistic about their prospects with their ratings hitting the lower point in the recorded index on Obama’s inauguration.
During Obama’s first two hellish years of mad spending and repressive regulations, the index hit two more lows, going down to -21 and -28. That’s right negative numbers.
A marked improvement occurred with the 2010 elections that empowered a Republican Congress to oppose Obama’s war on the economy. There was a steady rise in 2012 on the prospect of a change of government. But as that prospect began to fade, the drop began.
And now that Obama won a “hurricane” election based on the false perception that he was helping hurricane victims, small business pessimism is down to -11.
We are in a negative administration and in negative numbers. Again.