June 13, 2018

Small Business Optimism Through the Roof

Business optimism soars to 1980s levels. Good news for America. Good news for Trump.

Thanks to President Donald Trump’s aggressive agenda of cutting onerous regulations coupled with the passage of the GOP tax cuts — which not a single Democrat voted for — the U.S. economy has blasted out of the eight-year doldrums that Barack Obama once labeled the “new normal.” The National Federation of Independent Business (NFIB) noted that, this past May, optimism among small businesses hit the second-highest level ever recorded, just shy of the record set in 1983. And who was president in 1983?

The NFIB gave credit for the optimism primarily to Republican tax reform, writing, “The new tax code is returning money to the private sector where history makes clear it will be better invested than by a government bureaucracy.” But it also pointed to Trump’s policies, noting, “Regulatory costs, as significant as taxes, are being reduced.” NFIB Chief Economist Bill Dunkelberg explained just how well small business is doing: “Small business owners are continuing an 18-month streak of unprecedented optimism, which is leading to more hiring and raising wages. While they continue to face challenges in hiring qualified workers, they now have more resources to commit to attracting candidates.” NFIB President and CEO Juanita Duggan added, “Main Street optimism is on a stratospheric trajectory thanks to recent tax cuts and regulatory changes. For years, owners have continuously signaled that when taxes and regulations ease, earnings and employee compensation increase.”

Meanwhile, Democrats and leftists can only see negatives. Nancy Pelosi continues to decry the Republican tax cuts as bad for America and pledges to roll them back if Democrats regain control of Congress. And yet, the government isn’t hurting for tax revenue — the Fed just collected a record high in individual income taxes through May. Do Democrats really believe that Americans are longing for the years of next-to-no growth in the overly regulated Obama economy?

And then there’s #Resistance leader Bill Maher, who acknowledges the fact that the economy is doing great but whose leftist desire for greater government control over the lives of citizens trumps any joy he has for the growing economy. In fact, he’d rather Americans suffer under a bad economy if it gets the Left back into power. For leftists like Pelosi and Maher, the real issue is one of power.

It would seem that Trump and Republicans have been the ones listening to Americans, while Democrats and leftists are focused solely on preaching their socialist ideology, irrespective of reality or the Constitution.

(Source: NFIB, BEA, Haver Analytics, Natixis)

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.