RECORD-BREAKING SMALL BUSINESS CONFIDENCE: WHO GETS THE CREDIT?

So how do small businesses feel about economic conditions in the United States these days?

Here is your answer, courtesy of John Melloy’s article at cnbc.com:

U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President Donald Trump and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business.

The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July.

Wow, thank you President Obama.

I am thanking President Obama, because he seems to think he’s the reason for the current condition is our economy. So he must be responsible for the record-setting upsurge in small business confidence, right?

Oh, what’s that you say? President Trump has been in office for over a year-and-a-half, and the confidence small businesses are exhibiting is based on his record, not President Obama’s?  That the policies of the current Trump administration are responsible for this upsurge in confidence, not business people’s warm memories of the Obama years?

Y’know, you just might have a point there.

And Barack Obama just might have a good reason to clam up and stop taking credit for what someone else deserves credit for.

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