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FBN’s Liz MacDonald on the NFIB’s optimism index released Tuesday, and the uncertainty holding small businesses back in this economy.
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In the call content to sit on this but Liz.
Can't wait Mac's bottom line lazy such a fountain trees in this is why Gonzales should take notice that you sit up and take notice of this index -- -- confidence index.
Basically -- since 1980.
Firms less than five years old created.
All -- all net new jobs in this country 80% as a reading right now.
Here's Dan Danner he runs the NF -- the National Federation of Independent Business.
The survey that they took a monthly survey check -- what he's saying about the latest read of confidence the small businesses.
They're not confident you indicated this is the second lowest reading of the year.
In terms of optimism for small business -- sales are down they're.
Concerned about taxes and regulations gone forward and now all that and certainly is keeping them on the sidelines.
That's what he told Dennis and Sheryl on the noon show -- today so you know despite the good news on jobs.
I you're seeing of the serving in the six -- 91 small business owner serving.
Three quarters said no change in hiring actually 13% -- -- gonna cut jobs 10%.
Only 10% so the added workers and when he compared to prior years surveys.
Just 7% said it's a good time to invest right now verse that's half of what it -- in September 2007.
Saint -- like during recession.
It -- -- may be great I'd like to start investing because it's a cheap to do so and -- downturn not so.
But you're saying bottom line is they're they expect a better economy and six months but the biggest problem of course is red tape.
And regulations are seeing that sentiment rising.
Since 2002.
And the rising cost of health care insurance was number one on their minds Tracy.
Uncertainty over economic conditions energy costs uncertainty over government actions those of the four.
Top ranking concerns of small businesses in this country again the biggest job creators in the country we got to take a listen to what they say if you think yeah.
And they had the cash they just don't have the conviction yet that's exactly right that's right it's terrible losing -- right they're the ones that create all our jobs was McDonald's story unless I.
Not yet -- coming to work.
