Small businesses are the economic engine driving the American economy. They hire more people, pay more wages, offer more advancement, and actually give a darn about their workers.
In short, the American dream lives here more than most places in the business world and as small business go so goes the US economy.
The media and the left have spent two years relentlessly bashing Trump with the sky is falling doom and gloom predictions meant to turn public and business opinion against him
The media is powerful and no doubts the onslaught has changed weaker minds. But not small business owners, the keepers of American exceptionalism.
They know a con when they see one and they ain’t buying the anti-Trump message the media is selling.
Bolstered by a strong economy, small-business confidence is continuing to climb to record levels, even in the face of a potential trade war and an increasingly tight job market. In a deregulatory environment, jobs and the economy have become the top issue for small companies, outpacing health care and immigration, according to the latest CNBC|SurveyMonkey Small Business Survey.
The online quarterly poll surveyed more than 2,000 small-business owners from July 27 through Aug. 5.
The CNBC/SurveyMonkey Q3 Confidence Index hit a record high of 62, tied with results from the first quarter of 2018. Sentiment has climbed as companies expect to raise headcount — 33 percent plan to increase their number of employees in the next 12 months.
The index is calculated on a scale from 0–100 and is based on the responses to eight key questions. A zero indicates no confidence, and a score of 100 indicates perfect confidence.
Overall, 58 percent of respondents say business conditions are “good,” up from 53 percent last quarter and up from 39 percent a year ago. The data reflect similar findings from both the small-business group the National Federation of Independent Business and Wells Fargo/Gallup on Main Street confidence, which report levels at or near record highs.
“This feels like a much more solid footing because of the assessment of how things are going today for small businesses, with 58 percent saying conditions are “good,” said Jon Cohen, chief research officer for SurveyMonkey. “Some of this is because of opinions of President Trump, with 57 percent saying they approve of the job he is doing. But really it’s the underlying business conditions that have been improving steadily throughout his term.”