You're watching...
Clint Greenleaf of the Greenleaf Book Group argues there are way too many problems in the economy for small businesses to be confident.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- -- after two months of declines as small business optimism and next six slightly higher for the month of August that is according to the an F I'd be but.
Clint -- a small business owner must in Texas says this and that's does not.
Teller real story click as the CEO agreement -- Republican -- -- -- see you say that this index is pretty much just off why.
What I think is missing the big picture there's so much uncertainty right now and I believe that take up was so small -- it's -- a big an uptick really mean anything that.
-- and I don't see any confidence at all there's so many bad things going am between Europe.
Our political system the debt cliff there's a lot of problems right now way too many -- confidence.
OK so one thing I found interesting one of the findings -- -- -- there really weren't that positive.
If you get into the nitty gritty of airport they say 21% of small businesses say.
Their biggest problem right now.
-- was red tape do you have experience with that.
Yeah unfortunately there are so many different rules and regulations just for example for -- -- trying to figure out the health care law.
And the kind of health care were supposed to be providing from the legal basis let alone wanna be able to provide for our staff.
And finding out where they collide I've got two people working on this are are Pollard suffering news in nine of -- November this year.
We're spending almost two full time people between now and November trying to figure out how to provide the best health -- is a -- a lot easier for your free market to do it.
You know wanna ask you about hiring because obviously we hear from a lot of business owners large and small -- say I'm not -- -- higher they'd be in the marketplace insert in the fiscal Clinton eccentrics address.
But at the same time lower demand is low meaning that businesses those loans out there but businesses aren't taking them.
Does that surprise you and -- No not at all mean that there's a lot of cheap money out there right now.
But it would be sticking out it would be a huge jump for me to go out and take that money and then do something with that when I have no idea what tomorrow holds.
I mean we just talked about Moody's and Moody's has real problems with it with the US debt.
And that begins in downgrade was -- huge interest rates spikes a variable notes gonna get really astronomical force very quickly so we have to be careful on taking on loans.
Okay what what is small business and do between now and November.
-- -- -- put this nicely I think QE we can hold on site and and hope that something good can come from this how can we get some kind of clarity.
Okay okay what are the things -- did mention frankly is political uncertainty and that an at this point because look on certain days of the highest levels of they've seen.
Within the index a small businesses owners across the country singer very irritated there's this -- and certainly let me ask you about this what things that I think -- many of us was that.
The -- the global competitiveness of this country has fallen substantially.
When President Obama took office we -- number one.
Now -- number seven behind countries that I think shock a lot of people like Sweden for example.
What's his country needing your opinion from a small business reflected to get competitive again to be number one again.
It's it's pretty simple nominee just get out of the way just what -- you what we do.
This is a free market country we are fantastic we do so many things well.
We have great small businesses and it's been built up as a great country because of a wonderful small businesses without red tape.
Every time we add a new layer you can got to see is dropping you went from one to two to -- to five -- seven we keep on dropping further and further in the more red -- we put on there the farther we're gonna get.
Clint Greenleaf CEO -- -- group clip that you very -- gonna say yeah.
