WASHINGTON (MarketWatch)
Small-business optimism plunged in November in the
wake of President Barack Obama's re-election, according to data released
Tuesday
An index from the National Federation of Independent Business that
tracks sentiment among small firms fell 5.6 points at 87.5
The survey found
that 49% of small-business owners expect future business conditions to be worse
than current conditions
In October, a record percentage of owners were
uncertain about the outlook, and it appears that many became decidedly negative
in November
"Washington does not have the needs of small business in mind, said
NFIB chief economist Bill Dunkelberg
"Between the looming 'fiscal cliff,' the
promise of higher health-care costs and the endless onslaught of new regulation,
owners have found themselves in a state of pessimism."
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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