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NFIB CEO Dan Danner on the factors leading to a decline in small business optimism.
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-- -- So good time to be business owner in this economy right now for the second month in a row the National Federation of Independent Businesses small business optimism index.
Dropped it only fell by point two points in July about follows a three point drop in June joining me now is this CEO -- I'm Dan -- dam break on the numbers for us what does it mean.
Well -- means that most small businesses think -- This is a bad time to invest the majority of them.
Said they think business conditions are gonna get.
Worse before they get better.
And they believe their own individual sales are gonna go down before they go up so.
They're pretty disappointed and they're really worried about what's coming in the future.
It's not really news necessarily that they're not optimistic with there's something new or surprising in this particular survey or -- just surprised that it continues to go down.
I think more the same -- and it continues to go down and in fact they don't see the end in sight.
You know I think that's the biggest worry that they think things are gonna get worse before they get better and which means today.
They're not -- -- invest they're not gonna create jobs and that's a problem.
Do you talk politics for their group do you have any idea how they feel about Paul Ryan.
Well we don't but we don't talk politics -- them directly.
But you know I think they agree with that what you're previous -- said David Walker and that is that we have some real structural problems that we have to solve.
I think they understand that we gotta get.
Our fiscal house in order like they have to do is a small business -- they don't understand that at the end of the day.
You can just keep printing money they can't stand business that way and they don't think the government should either.
Yet I mean their number of folks because they're they're running our businesses and they don't that they could not run their balance sheet.
The -- idiots in Washington are doing it right.
No question you know an end.
They also have the same kind of concerns about.
Their kids and grandkids and they don't want to leave this debt that we're piling up.
To their kids and grandkids they would not do that -- their business and again they don't think we should do that with the country.
So it sounds like they would understand and appreciate -- assets like Paul Ryan is putting out and not be afraid -- -- You know the the way that Democrats are sort of trying to make people scared of what he's saying.
No I don't think they would be afraid of that I think they would agree with the message that.
He's trying to bring an -- that is again -- we have real fiscal concerns that somebody needs to have step up.
Show some leadership and address yet balance the books Dan -- yeah and -- -- we appreciate it.
Thank you.
