What's holding back small business is what normally holds back small business during a recession.
Economist's View: What?s Holding Back Small Businesses?
Economist's View: What?s Holding Back Small Businesses?
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2,000 pages regulations on Health care?
Government Stress tests for banks?
2,000 page FinReg regulation?
A regime that hates business?
Nah
2,000 pages regulations on Health care?
Government Stress tests for banks?
2,000 page FinReg regulation?
A regime that hates business?
Nah
Yet "government regulation" and "taxes" are about average compared to the past 25 years.
2,000 pages regulations on Health care?
Government Stress tests for banks?
2,000 page FinReg regulation?
A regime that hates business?
Nah
Yet "government regulation" and "taxes" are about average compared to the past 25 years.
Assume we have a can opener.
Sure they are, sure they are.
Confirmation bias (also called confirmatory bias or myside bias) is a tendency for people to favour information that confirms their preconceptions or hypotheses regardless of whether the information is true.[Note 1][1] As a result, people gather evidence and recall information from memory selectively, and interpret it in a biased way. The biases appear in particular for emotionally significant issues and for established beliefs.
No, they're not average. Employers are getting creamed with massive new health care mandates.
They are staring at massive new energy taxes, forced unionization if Obama gets his way, and the biggest tax increases in history on 1/1/2011.
Why the hell should the expand against the backdrop of the most anti-growth regime ever?
Yet "government regulation" and "taxes" are about average compared to the past 25 years.
Assume we have a can opener.
Sure they are, sure they are.
Confirmation bias (also called confirmatory bias or myside bias) is a tendency for people to favour information that confirms their preconceptions or hypotheses regardless of whether the information is true.[Note 1][1] As a result, people gather evidence and recall information from memory selectively, and interpret it in a biased way. The biases appear in particular for emotionally significant issues and for established beliefs.
Confirmation bias - Wikipedia, the free encyclopedia
"it's clear that small business believe that lack of demand is the biggest problem they face right now"
This is blatantly obvious. It is equally true regarding business start ups, and big corporations as well.
It isn't the lack of demand so much as the lack of faith that future demand will support them. We have never had a recession wherein public and business confidence was so undermined. It began with the week of TARP when Summers and Geithner went into meltdown mode saying that the world would end if we didn't fork over a gazzillion dollars within one week. Fedsters don't do that. Maintaining confidence is their prime directive. They mutter bad news in encrypted doublespeak.
Ever since then everybody thinks that more shoes may yet fall and taking a risk is the last thing anybody wants to do.
Hoard, save cash, cut expenses, cut staff, hunker down and wait this one out below deck.
They are staring at massive new energy taxes, forced unionization if Obama gets his way, and the biggest tax increases in history on 1/1/2011.
Why the hell should the expand against the backdrop of the most anti-growth regime ever?
"it's clear that small business believe that lack of demand is the biggest problem they face right now"
This is blatantly obvious. It is equally true regarding business start ups, and big corporations as well.
It isn't the lack of demand so much as the lack of faith that future demand will support them. We have never had a recession wherein public and business confidence was so undermined. It began with the week of TARP when Summers and Geithner went into meltdown mode saying that the world would end if we didn't fork over a gazzillion dollars within one week. Fedsters don't do that. Maintaining confidence is their prime directive. They mutter bad news in encrypted doublespeak.
Ever since then everybody thinks that more shoes may yet fall and taking a risk is the last thing anybody wants to do.
Hoard, save cash, cut expenses, cut staff, hunker down and wait this one out below deck.
Wait until Obama is gone. Obama = lack of faith.
Most recessions are over by now.
What's holding back business is a regime that gets up every day and publicly trashes them and threatens more taxes and more regulation.
There will be no hiring until Obamacare is repealed.