Posted on 04/11/2023 6:22:41 AM PDT by Kaiser8408a
Between inflation under Biden and The Fed’s counterattack to get inflation to 2%, I call this the Biden Blitz.
Unlike what the elites in Washington DC think, small business are the cornerstone of the US economy. Unfortunately, small business optimism is getting crushed and just fell in March to a level lower than that found during the Covid economic shutdowns of 2020. HOW is it possible for small businesses to be even less optimistic than it was in April 2002, the nadir of the Covid economic shutdown?
Small business optimism soared in November 2016 after the election of Donald Trump and remained high (above 100) until Covid struck in March 2020. Small business optimism rose above 100 again with the massive money printing by The Fed (green line) and Federal spending spree. But as M2 Money growth slowed, small business optimism hasn’t been above 100 since August 2021. It has been all downhill since then as The Fed started to raise The Fed Funds Target Rate quite rapidly.
Biden is the face of big business (big banks, big pharma, big tech, big defense, big labor unions, big media, etc.). Biden just told Al Roker that he is indeed running for reelection, supported by …. big banks, big pharma, big tech, big defense, big labor unions, big media, etc.
Biden is no longer a President, but an old-time preacher screaming about MAGA Republicans as if they were demons. This is called Blitzkrieg Biden.
(Excerpt) Read more at confoundedinterest.net ...
BTTT
All according to plan.
One report this morning said because of the banking problems it is harder for small businesses to get loans to expand.
I cracked up yesterday when I read that the Demented One has decided to “run” again in 2024. Sorry Jo Jo! Gruesome Newsom WILL CLEAN YOUR FRIGGIN’ CLOCK. LOL! You might want to downgrade and set your sights a little lower to maybe Walmart Greeter or a job that doesn’t require you to be able to think. Just sayin’.
As a dealer of Class 8 Trucks and Equipment, the interest rates are hurting sales. There is no ‘meat on the bones’ when purchasing equipment at auctions to resale.
My brother in law and his two brothers are closing their 55 year old plumbing business because it’s no longer profitable. They ran a dozen trucks, still has lots of work but the numbers don’t add up unless they raise their prices by 25%.
The liability insurance ($30,000 per month!) taxes and workman’s comp insurance has crushed them along with frequent lawsuits over things they can’t always control. They can’t sell the business because their books show they aren’t making a profit.
They have always done residential homes of a million dollars and up but any of the people interested in buying the company only want to do service calls like unclogging drains, replacing toilets and such. They aren’t set up for that.
The plumbers in the field make thousands and thousands of connections in a year but if one of them leaks a lawsuit between $50,000 and $150,000 is filed against them. Another problem is that their richest customers often won’t pay and cite some minor issue for not paying. Then the plumbing contractor has to sue THEM.
The big companies can withstand this kind of pressure but they cannot. Everyone says to not go to college, learn a trade, start a business. Biden and his globalist pedophile buddies are making that a risky proposition.
In the last couple of months since they’ve started shutting the business down one of the brothers died from John Cunningham disease. Sad he never got to retire and live an easy life. Make no mistake. This is the scenario that pos biden and that other pos obama want for ALL Americans. Work yourselves to death supporting big government, globalist, freedom crushing ghouls.
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