While Wall Street decided to throw itself into the gutter, Main Street is doing very well, thank you very much, and is very much looking forward to good time thanks to Trump’s changing Government’s view of capitalism and making it easier to do business by getting Government out of the way and letting people keep more of their own money. Results are starting to show up (reformatted, abstracted, emphasis mine):
Main Street continues to flourish under the Trump administration. The National Federation of Independent Business reports that optimism is at a 45-year high among America’s small businesses. The “Small Business Optimism Index” — a monthly gauge of sentiment among the owners — has broken the record for the measurement, established 45 years ago.
- 41 percent of the members reported they expect the economy to improve
- 33% say it’s an ideal time to expand
- another 33% report an increase in job openings
- 31 percent reported “higher worker compensation” for their employees.
“The historically high index readings over the last year tell us small business owners have never been more positive about the economy. This is in large response to the new management in Washington tackling the biggest concerns of small business owners — high taxes and regulations,” said Bill Dunkelberg, chief economist for the organization.
In the meantime, businesses large and small continue to offer employees bonuses, raises, or 401(k) hikes because of the President Trump’s tax reform law. They now number 346 — over 3.5 million workers — this according to the office of Majority Whip Steve Scalise and Americans for Tax Reform, which continue to track the trends — as well as the ongoing, reassuring narratives which accompany these gains. Many businesses share their rationale for tending to their employees in public press releases or with local news media — and in any cases, they are revealing and heartfelt.
This isn’t “trickle-down” economics that the Democrats are continuously railing against – this is simply a result of letting people keep their own money and give them the choice of how to spend it.
Now, if only the chuckleheads in DC (and Concord) would cut the out-of-control spending.
(H/T: Washington Times)
