Small business optimism surges to highest level ever

peek-a-boo · 2018-09-12T13:32:47.581Z

MichaelScarn:

The irony here is that you can actually draw a pretty tidy fit line from 2009 to 2018. What you should be asking is why optimism plummeted under Bush, before the recession. The optimism jump when Trump was elected was due to the thought that he would be business friendly. That’s not a mystery. What other trends do you see?

There is no irony. Trump IS business friendly and Obama WASN’T business friendly. Bush is ancient history and irrelevant.

JayJay · 2018-09-12T13:33:56.516Z

Yes…the one thing graphs teach is spikes either way in business optimism are ephemeral.

Like tax cuts’ stimulative effect in the economy.

Forcefield · 2018-09-12T13:37:34.660Z

Small business optimism appears to have increased significantly since Trump became President.

There, see? Not so hard.

peek-a-boo · 2018-09-12T13:40:39.426Z

JayJay:

I don’t care whether it makes a good campaign slogan or not

It’s relative crumbs.

In the 2000s derivatives bubble, ordinary citizens were brought along for the ride too

How did that work out for them in the end?

Focusing on the crumbs statement. It is an elitist statement made by someone who is out of touch with mainstream Americans.

I started at the very bottom with everything my wife and I owned loaded into the back of her clunker car. We were dirt poor. The crumbs you speak of would have made all the difference in the world.

Fast forward 45 years and I’ve now moved significantly higher in that food chain, but I never forget my humble beginnings. And that is exactly why mainstream Americans support this President. Despite his wealth, he connects with the working men and women of this country in ways DEMs will never understand.

party-free · 2018-09-12T14:06:21.261Z

peek-a-boo:

Obama WASN’T business friendly.

And despite that, the economy vastly improved and corporate profits continued to set records. Weird.

peek-a-boo · 2018-09-12T14:16:09.664Z

party-free:

And despite that, the economy vastly improved and corporate profits continued to set records. Weird.

The American economy will always recover from a recession. The speed of that recovery can be influenced by government policy. Obama’s recovery was slower than normal because of his ant-business posture; massive new regulations and increased taxes on the rich. Yearly GDP growth never reached 3% under Obama, the only President to achieve that goal.

DEMs point to Obama’s recovery as something to be proud of. That speaks volumes about their agenda. What I find to be especially obscene is the audacity they show when trying to take credit for Trump’s pro business posture that is responsible for a booming economy.

zantax · 2018-09-12T14:26:19.164Z

JayJay:

I don’t care whether it makes a good campaign slogan or not

It’s relative crumbs.

In the 2000s derivatives bubble, ordinary citizens were brought along for the ride too

How did that work out for them in the end?

Worked out great for me, made 80k on the house I sold on the east coast, the home I purchased in the midwest held it’s value. Because I could plainly see that my east coast house was overvalued at the height of the bubble, I cashed in.

MichaelScarn · 2018-09-12T14:27:20.989Z

peek-a-boo:

There is no irony. Trump IS business friendly and Obama WASN’T business friendly. Bush is ancient history and irrelevant.

Why is Bush ancient history? He passed sweeping tax cuts and business optimism fell? Why is that?

calirepub · 2018-09-12T14:30:28.013Z

MichaelScarn:

peek-a-boo:

There is no irony. Trump IS business friendly and Obama WASN’T business friendly. Bush is ancient history and irrelevant.

Why is Bush ancient history? He passed sweeping tax cuts and business optimism fell? Why is that?

Bush had nearly trillion dollar deficits.

peek-a-boo · 2018-09-12T14:34:35.312Z

MichaelScarn:

Why is Bush ancient history? He passed sweeping tax cuts and business optimism fell? Why is that?

You are being intentionally dishonest. Business optimism fell towards the end of Bush’s term as a result of the impending recession. It had nothing to do with Bush’s tax cuts.

Forcefield · 2018-09-12T14:53:36.496Z

The problem we are facing is that this is how Trump does business. Go into debt, kick the can down the road, file bankruptcy, restart the cycle. You can’t run a country the way you run a cheesy casino business. I’m a small business owner. He cut my taxes (for now) and the country is headed into deeper debt. It’s short term optimism based on unsustainable benefits.

My particular business is fairly steady regardless of the overall economy so I can’t anecdotally speak to the temperature right now, but from the looks of it, the way he’s buying our favor isn’t going to be good for the nation in the long term.

JayJay · 2018-09-12T15:06:20.254Z

peek-a-boo:

JayJay:

I don’t care whether it makes a good campaign slogan or not

It’s relative crumbs.

In the 2000s derivatives bubble, ordinary citizens were brought along for the ride too

How did that work out for them in the end?

Focusing on the crumbs statement. It is an elitist statement made by someone who is out of touch with mainstream Americans.

I started at the very bottom with everything my wife and I owned loaded into the back of her clunker car. We were dirt poor. The crumbs you speak of would have made all the difference in the world.

Fast forward 45 years and I’ve now moved significantly higher in that food chain, but I never forget my humble beginnings. And that is exactly why mainstream Americans support this President. Despite his wealth, he connects with the working men and women of this country in ways DEMs will never understand.

It’s not an elitist statement at all.

It’s an accurate representation of reality.

If more and more of the working men and women were told the truth by politicians instead of them spinning stories to “resonate” with the working class, it would be better for them in the long run.

If more of the working class actually paid attention to Donald Trump about what he REALLY thinks about the working class…which he reveals in in his unguarded moments…they’d realize he was spinning them a yarn and not really “connecting” with them.

peek-a-boo · 2018-09-12T15:08:04.984Z

JayJay:

It’s not an elitist statement at all.

It’s an accurate representation of reality.

If more and more of the working men and women were told the truth by politicians instead of them spinning stories to “resonate” with the working class, it would be better for them in the long run.

If more of the working class actually paid attention to Donald Trump about what he REALLY thinks about the working class…which he reveals in in his unguarded moments…they’d realize he was spinning them a yarn and not really “connecting” with them

Please share one of those unguarded moments.

party-free · 2018-09-12T16:15:09.290Z

peek-a-boo:

The American economy will always recover from a recession. The speed of that recovery can be influenced by government policy. Obama’s recovery was slower than normal because of his ant-business posture; massive new regulations and increased taxes on the rich.

Prove it.

It was the 2nd worst economic downtown in American history. I would rather it take its time to be fixed, but correct itself properly, than quickly.

And remember, it was during all of this “uncertainty” and “overregulation” that corporations were raking in record profits hand over fist. And they didn’t use that money to pay more to the average worker.

peek-a-boo:

Yearly GDP growth never reached 3% under Obama, the only President to achieve that goal.

Yet he had 2 12-months periods of over 3% growth. We had long ,sustained times where the economy had BIG improvements. Whether those happened in a calendar year is of no consequence.

peek-a-boo:

DEMs point to Obama’s recovery as something to be proud of. That speaks volumes about their agenda. What I find to be especially obscene is the audacity they show when trying to take credit for Trump’s pro business posture that is responsible for a booming economy.

Yes, as usual:

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Cratic3947 · 2018-09-12T17:21:58.290Z

peek-a-boo:

DEMs can’t pretend this is a continuation of Obama’s economy.

They can, but we all see the major spike up when Trump gets elected. Also record new business startups, so even more jobs coming…

party-free · 2018-09-12T19:07:06.490Z

Cratic3947:

so even more jobs coming…

Not necessarily. Often people starting up business were working before-so they’ll still be working, just at a different company (their own).

And considering most start-ups fail anyway…I’m not sure how you take this as a positive.

Optimism does not equal new jobs. New jobs equal new jobs.

peek-a-boo · 2018-09-12T19:15:37.953Z

All I can say is wow!

JayJay · 2018-09-12T19:47:46.654Z

peek-a-boo:

All I can say is wow!

What did he say that was incorrect?

Optimism by itself can be a leading metric but actual jobs created and rise in real wages is more indicative of broad-based economic health.

party-free · 2018-09-12T20:05:23.644Z

JayJay:

What did he say that was incorrect?

Optimism by itself can be a leading metric but actual jobs created and rise in real wages is more indicative of broad-based economic health.

Yep.

Optimism doesn’t fill my stomach, or my gas tank, or pay my bills, or feed my dogs. A job and money does that.

peek-a-boo · 2018-09-12T21:08:52.352Z

JayJay:

What did he say that was incorrect?

Optimism by itself can be a leading metric but actual jobs created and rise in real wages is more indicative of broad-based economic health.

The post was just a recitation of LW talking points.