For any number of reasons, not the least of which is the inability
for news outlets to focus on more than one simultaneous crisis, as
public attention turned to the Fiscal Cliff telenovela, many are missing
another serious economic threat: the small business spending cliff.
In the to and fro of election-season coverage, little attention was paid to Gallup polling figures that showed small business owner confidence has cratered.
The numbers are ugly, indeed: One in three small business owners expect their company's capital spending to decrease over the next 12 months (the highest recorded since July 2010); Three out of ten expect "poor" cash flow over the next 12 months (the highest Gallup has measured to date); and, worse yet, more than one in five small-business owners expect the number of jobs at their company to decrease over the next 12 months (the highest percentage Gallup has measured to date).
Read more: http://townhall.com/columnists/brettmcmahon/2013/01/08/the-other-spending-cliff-n1484911
In the to and fro of election-season coverage, little attention was paid to Gallup polling figures that showed small business owner confidence has cratered.
The numbers are ugly, indeed: One in three small business owners expect their company's capital spending to decrease over the next 12 months (the highest recorded since July 2010); Three out of ten expect "poor" cash flow over the next 12 months (the highest Gallup has measured to date); and, worse yet, more than one in five small-business owners expect the number of jobs at their company to decrease over the next 12 months (the highest percentage Gallup has measured to date).
Read more: http://townhall.com/columnists/brettmcmahon/2013/01/08/the-other-spending-cliff-n1484911
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