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The National
Federation of Independent Business (NFIB) estimates our current
economic growth rate at 3.8 percent per year. Perception is
reflecting reality, because the NFIB’s Small Business Optimism
Index shows that small business owners believe the current
economy to be as good as, or better than, 1986 when the economy
grew at 3.5% for the year.
There are twice as many
small business owners who expect the economy to improve as there
are those who expect it to weaken. They are showing their good
expectations by creating jobs, and our national unemployment
rate is now back down to 5%.
The biggest challenges
facing large and small businesses (and therefore our economy)
are the cost of insurance, high taxes, and the price of energy,
in that order. Our state and national governments are absolutely
not helping to solve the insurance, tax or energy problems.
That’s something we need to remember on the next election day.
Our government officials have a responsibility to work on the
insurance, tax and energy problems, but they would rather spend
increasing amounts of our hard-earned money on social candy.
Like sugar, we want social candy, but too much isn’t good for
us.
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