Small-Business Optimism About Economic Conditions Jumps Most Since 1980

Hope and change.

Optimism among America's small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

The National Federation of Independent Business's index jumped 7.4 points last month to 105.8, the highest since the end of 2004, from 98.4. While seven of the 10 components increased in December, 73 percent of the monthly advance was due to more upbeat views about the outlook for sales and the economy, the Washington-based group said.

To put this into perspective, if the normal low level of business confidence under Obama were represented by a three pound bag of dicks Obama had to eat, this sudden spike in optimism would be represented by a bag of dicks Obama has to eat approximately the size of Columbus, Ohio, including outlying suburbs.

posted by Ace at 04:44 PM

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