It Often Sucks When I Am Right

The Wall Street Journal today confirmed everything I have been saying since the fall of 2007 in regards to small businesses and our economy.


Small-business owners grew even more pessimistic in the final month of 2009, capping off what was a trying year for their businesses. The Small Business Optimism Index decreased 0.3 point to 88.0 last month from November, reported the National Federation of Independent Business in a press release Tuesday.

The NFIB noted that the index has been below 90 for 15 months, a sign of the severity of the current economic downturn. The index is seven points higher than the survey’s second-lowest reading, reached in March. The lowest reading was 80.1, hit in 1980.

Last year “was a very difficult year for small business,” said NFIB chief economist William Dunkelberg. “Continued weak sales and threatening domestic policies from Washington have left small-business owners with little to be optimistic about in the coming year.”

I am starting to feel like some sort of apocalyptic fortune teller.

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