Small businesses and entrepreneurs have had a rough time of it for these past eight years. New startups and entrepreneurial activity have pretty much been stagnant, weighed down by heavy regulation, high taxes and an economy that’s just been stumbling along. Yet in November and again December, there were signs of optimism and business renewal that could mark a real turnaround in the fortunes of small business.
The National Federation of Independent Business (NFIB) reported last week that its Small Business Optimism Index soared in December by the most in one month since 1980, a year when another maverick conservative-leaning candidate surprised everyone and won the presidency. His name was Ronald Reagan.
Another report out last week found that small businesses are now in the best financial shape since before the Great Recession based on revenues, cash-flows and sales.
While the economy is still far from healthy, we have seen more positive news since the election. Today we’ll look at these two latest reports on small businesses -- and what President Trump will, and will not, be able to do with regard to rolling back onerous regulations early-on in his administration.
Finally, we’ll look at an Investor’s Business Daily editorial last week that blows out of the water the liberals’ scare tactics when it comes to repealing Obamacare.