Stunning MAGAnomic Sentiment: Small Business Optimism Survey Second Highest Reading in History….

The National Federation of Independent Businesses (NFIB) is an assembly and survey of small business owners throughout the U.S.  In the latest survey (full pdf here) overall optimism is the second highest ever recorded at 107.9 (the highest reading was 108 in 1983).

The full press release is available here.  The full pdf of the survey is available here. The executive summary outlines the overall content and highlights the sentiment amid Main Street U.S.A.:

[…] Although some panned any celebration of the 4.1 percent second quarter GDP growth, small business owners beg to disagree. At least in the small business sector of the economy, Main Street’s performance over the last 21 months is unprecedented based on reports for the past 45 years by hundreds of thousands of NFIB’s member firms. Owners have never been so optimistic for so long. This has translated to improved employment and investment spending that buoys GDP growth, even at the end of what will be the longest expansion in modern history.

Consumer sentiment is at record high levels. Consumer spending, which accounts for 70 percent of our economy, posted 4 percent growth in Q2. Historically revised data show that consumers have been saving much more than thought, and income gains in recent months have been solid, providing support for spending in the second half. The record levels of firms reporting higher compensation is a clear indication that wages will be rising further in the second half.

COMPENSATION ANALYSIS: Reports of higher worker compensation gained a point from June to a net 32 percent of all firms, 3 points below May’s record reading of 35 percent. Plans to raise compensation rose 1 point to a net 22 percent, historically strong.

Government measures of wage and compensation gains follow movements in NFIB plans to raise compensation but with a 3 quarter lag, so government reports of rising compensation will increase even more in the second half of the year.

Owners complain at record rates about labor quality issues, with 88 percent of those hiring or trying to hire in June reporting few or no qualified applicants for their open positions. The frequency of reports of positive profit trends was unchanged at a net negative 1 percent, one of the very best readings in the survey’s 45 year history.  (report)

♦ 35% of all businesses have raised wages; 22% more plan to raise wages.  As CTH continues to note, the Bureau of Labor Statistics report on wage growth lags behind the actual NFIB survey results direct from the employers.

♦ 70% of all U.S. workers work in small businesses.

Again for emphasis: This is MAGAnomics in action.  Main Street is benefiting.  Blue and White collar Main Street is benefiting.  The Middle-Class is the primary beneficiary.

For more than 30 years the Main Street economic engine has been intentionally stalled by U.S. economic policy that has favored Wall Street and pushed a service-driven-economy narrative on the U.S. workers.   Using targeted MAGAnomic Main Street policy President Trump has reversed the trend.

Main Street, and the U.S. Middle Class, is growing again.

Enjoy this.

President Trump really is “a blue-collar billionaire“.

This entry was posted in Auto Sector, Donald Trump, Economy, Election 2018, media bias, NAFTA, President Trump, Taxes, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

110 Responses to Stunning MAGAnomic Sentiment: Small Business Optimism Survey Second Highest Reading in History….

  1. TarsTarkas says:

    Unfortunately the Democratic response to this will be ‘Fake News’.

    Liked by 7 people

    • SwampRatTerrier says:

      Neither one matters anymore.

      They’re roadkill on the freeway – so to speak.

      Liked by 7 people

    • Ken says:

      No. The Dem and MSM response will be, “Thanks, Obama”.

      Liked by 6 people

      • Justah says:

        Or they will bury it and not report at all.

        Liked by 7 people

        • piper567 says:

          Justah, and Americans, some adjusting to working every day, others noting fatter paychecks, are going to listen to their “news”, and know it is a crock…
          One woman, posting her #WalkAwya video, actually went to a Trump rally, only to come home to watch coverage.
          Coverage was a bald-faced lie.
          She cut her cable, and swore she would never watch msm again.
          Lyng and deceit are catching up with our presstitutes.

          Liked by 1 person

    • highdezertgator says:

      Ignore “Resist”…. Restore America… Main street small businesses are the backbone of the American economy and employ almost half of the working population.

      Liked by 1 person

      • MelH says:

        stats say 70% of the working population works for small business. Half sounds more like it, however, since I’ve heard 48% of working population are “civil servants”, which in my world are civil thieves…oh the stories I could tell!

        Like

    • Peter says:

      Democratic response will be an assembly line of manufactured outrage; 1) muh Russia, 2) Nazis, 3) muh guns, 4) Stormy, 5) muh Russia 2.0, 6) children in cages,7) secret recordings, 8) muh Russia 3.0, 9) secret recordings, 10) Omarosa and on-and-on.

      Liked by 1 person

      • MelH says:

        A Word press blog features an attorney with a HUGE following who makes the case that Peter Strozk was fired for writing unfavorable things Trump didn’t like. Below her entry, on the Word Press Reader, are MANY stories of the firing and the Congressional interrogation of “Pete”, all very damning against Republicans, of course.

        Like

  2. cdnintx says:

    Love this phrase “Blue-Collar Billionaire” Our beloved VSG PDJT.

    Liked by 21 people

  3. calbear84 says:

    As a small business owner in Taxifornia let me say to President Trump a sincere and heartfelt THANK YOU!

    Liked by 18 people

  4. Suite D says:

    My wife was in TJ Maxx last week. All eight registers working at checkout and long lines. Never seen it before! The business of America is business. MAGA!!!

    Liked by 15 people

  5. Golfbro11 says:

    The telling part of that graph is that Carter and Obama are battling for worst President in history. As far as losers go this is a Heavyweight battle lol

    Liked by 16 people

    • Meanwhile Reagan and our VSG battle it out on top. 🙂

      Liked by 11 people

      • TarsTarkas says:

        I’d go with Washington & Lincoln at the all-time top, but Trump is certainly challenging Reagan and FDR for modern day Presidents (1920 and on). Yes, i’m including FDR is in that group, for all he did to grow the bureaucratic state I think WWII might have turned out very differently had he not been POTUS.

        Liked by 2 people

        • GB Bari says:

          It certainly would have turned out differently not just then but from that point forward to today had FDR allowed Patton to continue kicking butt past Berlin all the way to Moscow.
          FDR was too cozy with Stalin.

          Except for FDR and the commie moles and apologists already in our government, the USSR could have been defeated before they ever got nukes.

          FDR also was instrumental in starting the ever-corrupt anti American institution known as the FBI, led by that wonderful Constitution loving (/sarc) J.Edgar Hoover. No, FDR was almost as bad as Obozo, maybe worse if one considers the long term ramifications of his policies.

          Liked by 6 people

        • powderdayrules says:

          FDR prolonged the great depression, and had to die to give up the presidency.

          Liked by 1 person

          • Crewdog 52 says:

            Yeah, FDR was a disaster on the domestic front. However, as a wartime leader he had the good sense to let a very able group of generals and admirals run the war while making sure that our farms and factories kept our forces and our allies supplied. Unlike LB effing J who was picking out the next day’s bombing targets while sitting on his bedroom floor in his pajamas.

            Liked by 2 people

        • WSB says:

          I will take part of your assessment, but FDR was a disaster. ‘The Forgotten Man’ is a good book to read, as is ‘Truman’ by McCullough.

          Like

    • steph_gray says:

      Good catch! Also duking it out (figuratively and I’m sure he would approve and enjoy it mightily!) are President Ronald Reagan and VSGPresidentDJT for the highest result here. That’s simply delicious!

      Liked by 7 people

    • SwampRatTerrier says:

      No contest – Obama wins that hands down.

      Liked by 7 people

    • dd_sc says:

      That would be Obama.

      Carter was just a failure; Obama was purposely malicious.

      Liked by 15 people

      • Ken says:

        Agreed.

        Carter, as far as we know, never weaponized his intel agencies or IRS against his political enemies. Obama did.

        Carter never used his skin color to gain votes. Obama did.

        Carter never inflamed racial tensions by stepping into a local murder/self-defense case. Obama did.

        Carter wasn’t arrogant. Obama was and is.

        Carter’s foreign policies and military inaction were atrocious. Obama matched him on this.

        Liked by 13 people

        • Grandma Covfefe says:

          Very good. That’s the way I remember it.
          Add this:

          Carter was stupid. Obama was/is calculated.

          Liked by 2 people

          • TarsTarkas says:

            I don’t think Carter was stupid. Admiral Rickover wouldn’t have wanted him to stay in the Navy had he been dumb. I think Carter lacks and still lacks wisdom, and like many liberals considers opposition to his opinions and policies as being driven by evil. Feckless might be a better term for him.

            Liked by 6 people

      • LafnH20 says:

        Agree, dd.
        He, o, was, indeed!!

        Liked by 1 person

    • Crewdog 52 says:

      No doubt about it, Carter and Obama were terrible, but for those of us old enough to remember, LBJ was the worst. He needlessly wasted thousands of lives in SE Asia with no intention of doing what was necessary to win and also wasted trillions on the Great Society which did huge damage to the social fabric of the country. He gets a pass from the MSM because he did civil rights, but we are still suffering from the results of his actions.

      Liked by 10 people

  6. Paco Loco says:

    Wall Street will do everything in its power to scuttle this transfer of wealth to Mainstreet. The globalists have a plan to tank the stock market and the US Dollar. October will be a scary month.

    Liked by 4 people

    • Golfbro11 says:

      No doubt they will try. However the underlying economy is so damn strong that when people start dumping shares to tank the market, their will be plenty of buyers to get stocks at a discount. You won’t hear any experts say that the market is artificially LOW right now, but I believe it is. And VSGPDJT must be finding this absolutely delicious. when OUR President and his Killers start rolling out Very Stable Trade Deals between Labor Day and the election in November I believe the markets will jump 10-20%. This above all else will wash the Dems away in November. If we have the DOW, Nasdaq and S&P at record levels in October (which we will) combined with all of the other successes of the President its going to be an epic beatdown of Maxine Waters Party

      Liked by 9 people

      • Ken says:

        The problem is… conservatives need to vote. Dems/Socialists are motivated and will vote. Ohio showed that the conservatives stayed home… need to change this.

        Liked by 4 people

    • SwampRatTerrier says:

      And we have a plan to tank them.

      Ask me if I care……..

      Liked by 5 people

    • LBB says:

      They would of loved to taken the economy / market down already, but as Golfpro says the underlying foundation is extremely healthy.

      Boo to Wall st, COC & the globalists. Yea ! for Main St & the citizens.

      Liked by 7 people

    • Cheri Lawrence says:

      Dont worry about this, the globalists have promoted this to keep us in fear but the truth is they are more at risk than we are with bigger investments in the fiat currency. This is part of the plan to bring them down and transfer the wealth back to an organic base. We are headed for an era of mutual prosperity with free markets, nothing can stop it now.

      Liked by 2 people

  7. TwoLaine says:

    I’d like to see this report without California, New York, and possibly Washington. All the states were they are very business unfriendly.

    Liked by 12 people

  8. TMonroe says:

    “In the latest survey (full pdf here) overall optimism is the second highest ever recorded at 107.9 (the highest reading was 108 in 1983).”

    Note the 2016 spike in the graph. Barry didn’t build that.

    Liked by 11 people

  9. SwampRatTerrier says:

    Hey Communist Muslim Obama,
    You Did Not Build THAT!

    Liked by 9 people

  10. Deplore Able says:

    Obamanomics
    1. Pass Obamacare requiring large employers to provide medical insurance for full time workers, resulting in fewer new hires because of extra employment cost burden and conversion of full time workers to part time.
    2. Add new government regulations to make business expansion more difficult and kill investment in energy sector.
    3. Trade deals that favor other nations.
    4. New government regulation of banking industry that killed availability of capital to small business.
    5. Massive stimulus packages that gave us Solyndra and Cash for Clunkers.
    Result: Slow growth, high unemployment, increased poverty, slowest recovery from recession in history.

    Maganomics.
    1. Lower taxes
    2. Incentives to have big corps repatriate profits.
    3. Eliminate destructive regulations.
    4. Re-work trade deals on favorable terms.
    5. Unleash American business to do what it does best.

    Result: 4.1% increase in GDP, low unemployment, decreased poverty.

    Liked by 10 people

  11. woohoowee says:

    WINNING! Not tired of it yet 🙂

    Liked by 10 people

  12. paulraven1 says:

    Man, talk about reasons to impeach! They keep adding up.

    Liked by 9 people

  13. dd_sc says:

    Just think what these numbers could be if the GOPe had repealed Obamacare like they had been promising to do for 7 years.

    Liked by 6 people

    • MelH says:

      Seems like something has to change so one sore-loser of a man (McCain) can’t stop the repeal of anything at all, let alone Obamacare.

      Like

  14. III%er says:

    If you let NAFTA get renegotiated for more favorable terms, you will see that number explode and leave that number in the dust. NAFTA decimated manufacturing in this country, and a number of small and medium businesses that went out of business are likely to restart if NAFTA is dealt with. It might be a restart that is small and tentative at first, but enough to start putting a dent in the foreign goods that don’t compare to American made. If you think the economy is roaring now, wait til you see THAT.

    Liked by 7 people

    • The Demon Slick says:

      NAFTA is dead. A bilateral deal with Mexico will be announced shortly. Canada signed a deal with China that makes an agreement almost impossible. The death of NAFTA and the deal with Mexico will happen at about the same time if sundance is correct. I came to a similar conclusion. That’s just how it looks right now.

      Liked by 3 people

  15. allhail2 says:

    But, “Muh Russia”

    Liked by 3 people

  16. Searkreb says:

    “Owners complain at record rates about labor quality issues, with 88 percent of those hiring or trying to hire in June reporting few or no qualified applicants for their open positions“

    How do we combat this? We have a manufacturing business and employ around 50 people. The good news is we are growing, but it is very hard to find someone who can pass a drug screen much less a competent person help willing to work a full week. We have about a 40% success rate maybe for new hires panning out

    We have raised our pay rate between 5-10%. I am looking for industry dominated by China such as furniture manufacturers coming back but haven’t seen much evidence yet. China purchases a large portion of hardwood lumber produced in the US and the tariffs are definitely having a short term effect. Will it be long term? Not sure. There are some domestic customers picking up the pace for products other than the ones used in furniture but we need all sectors to flourish domestically!

    Needless to say besides these minor (or not so minor quits) I couldn’t be happier with the job President Trump has done. Especially under the circumstances.

    Liked by 4 people

    • Reloader says:

      So if someone who is very experienced at a lot of different skills, but is over 55 and therefore not really able to work 40 – 60 hours a week, you perhaps think they should not have work?

      Like

      • Searkreb says:

        Not at all. I don’t think I said anything like that, if anything I wrote inferred that I apologize. At least that hasn’t been our experience. Most of the best people we work with are over 50. Actually, hiring younger people who haven’t really worked before is pretty tough.

        We have been blessed to work with some great people but finding new hires is not easy.

        Liked by 1 person

        • WSB says:

          Is it possible to take the part time workers and adjust shifts?

          Like

          • Searkreb says:

            I’m sure it’s possible we have two working like that now, but those are the only two who have even responded

            Like

            • WSB says:

              Oh brother! Sounds like you need to engineer a two-shift workforce.

              I expect this might become more the norm if parents are able to realize a single breadwinner family, whether two work part time or one full time. Sure will be nice to rid these people of the cost of childcare.

              Like

    • CirclinTheDrain says:

      Back in the dark ages when I was looking for my first grown-up job out of college, all employers knew what entry level jobs were….they were jobs where you hired an enthusiastic, intelligent hard worker who may not have all the skills but is very capable of learning. Almost all employers had a paid training/apprenticeship program of some sort for a short period, then at the end of that period they decided whether you’d make a good employee or not.

      Where did that go ? Since when did employers decide the taxpayer should educate people into the workforce with advanced skills right out of hs or college, or they’d bring in an H1B ? Since when did employers decide kids right out of school, or people looking for a new career, should work at unpaid internships in hopes that there might be a paying job ? This is what all the 20 somethings complain about today. They are expected to work for free, with zero promise of a job if they perform.

      I highly suggest companies bring back those paying apprenticeship programs – create the person you want to hire. It doesn’t take that long, and you are likely to create a loyal employee with just the skills you need.

      Liked by 8 people

      • powderdayrules says:

        You nailed it, CirclinTheDrain.

        Like

      • You took the words out of my mouth. All my friends had first-time jobs with significant components of training–even though most of us had worked during summer and other college breaks. BTW, this was true for us even though we went to so-called “elite” universities. Doesn’t matter Ivy league or whatever, all young folks need training and mentoring to become useful employees.

        Liked by 1 person

  17. “Owners complain at record rates about labor quality issues, with 88 percent of those hiring or trying to hire in June reporting few or no qualified applicants for their open positions.”

    And yet the number of Americans with advanced degrees is at an all-time high. I guess “non-binary gender studies” and “the science of micro-aggressions” doesn’t translate well into a useful workforce… who knew? LOL 😛

    Liked by 10 people

  18. mashall says:

    The Business Gains are motivating.
    Let’s not give it away to foreign nationals. Make your own Country Great Again.

    https://www.breitbart.com/big-government/2018/08/08/trumps-welfare-ban-for-immigrants-would-be-57-4b-tax-cut-for-americans/

    Liked by 3 people

    • mashall says:

      “Illegal and legal immigrant-headed households use nearly 60 percent more taxpayer-funded food stamps than households headed by native born Americans, a study conducted by the Center for Immigration Studies (CIS) revealed in 2016.

      Harvard University economist George Borjas says the country’s decades of importation of more than 1.5 million legal immigrants every year is the world’s “largest anti-poverty program” that comes at the expense of American citizens who are forced to subsidize the cost.”

      Stupid Short Sighted Americans….”all for cheap lawn and maid service and…… taco trucks.
      Allow them to rip off your Taxes, your Children’s Jobs and your Nation…while all the PC Cowards will proudly claim, “at least I was never called a racist.”

      Liked by 7 people

  19. carnan43 says:

    I did a little research yesterday. West Virginia that was running 14% unemployment in 2016 the reign of Obama was at 8.9% a couple months ago. Not too bad an improvement considering they have had a coal driven economy. Hopefully they can improve on that in the coming months. With an improvement other businesses may start up and hire.

    Liked by 7 people

  20. FerdinandAkin says:

    A year from now the liberal main stream media will be decrying President Trump because GDP ONLY increased by 4.8% instead of the 5% promised. The media will also add that good economic numbers will not insulate the President from the accusations of Stormy Daniels and Omarose Onee Manigault-Newman and the citizens will rise up and demand impeachment any day now.

    Liked by 2 people

  21. Vicki Verego says:

    My concern is the tax burden placed on small businesses. My son-in-law has his own landscaping firm. He pays 40% of his earnings in taxes. I couldn’t afford to do that. Hopefully Phase II of POTUS’ tax relief plan will address the plight of small business tax burden.

    Liked by 6 people

    • Sentient says:

      If he’s an S Corp. he should already get a lower rate than the highest rate on “earned” (w2) income.

      Liked by 1 person

    • CirclinTheDrain says:

      Well of course. As a SBO he pays the full15.2% fica as well as whatever his federal income tax % is. He will never pay less than 25% – fica plus the lowest 10% tax rate, at a minimum.

      Liked by 1 person

    • DCP says:

      I also own a small business. He has to pay Federal Income Tax and FICA Tax. But make sure he speaks with his Accountant about what the base for his FICA should be. It is NOT the total amount of business income. He can pay himself a reasonable salary and pay Income Tax and FICA on that. The rest is treated as Return on Investment or Profit. He has to pay Income Tax on that but not FICA. He can also set up a SEP, a Keough or other Retirement Account and put pre-tax money in that. Again, talk to an Accountant. I am NOT giving tax advice.

      DCP

      Liked by 2 people

  22. Pyrthroes says:

    Wasn’t Second Quarter U.S. GDP growth revised from 4.1 to 4.4% in mid-July?

    Like

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