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More than half of US small businesses think the economy is better off or about the same.

• asmithmd1 16y ago
  Your statement is correct but the sentiment of the headline is correct in portraying that there is a problem in the US economy. According to government statistics released yesterday the economy has been growing now for a full year -- why do nearly half of small businesses think the economy is worse today a year past the end of the Great Recession than it was a year ago? Here is more evidence that this recession is different than any other post WWII recession: http://research.stlouisfed.com/fred2/graph/?s%5B1%5D%5Bid%5D=UEMPMED http://research.stlouisfed.com/fred2/graph/?s%5B1%5D%5Bid%5D...
  • OpieCunningham 16y ago
    Assuming the Gov't statistics are accurate, and nothing in the article or survey indicates otherwise, you're asking why nearly half of small business owners believe the economy is worse? There could be any number of reasons: - Because nearly half of small business owners are stupid - Because nearly half of small business owners are doing worse - Because nearly half of small business owners lack enough knowledge to accurately assess the state of the economy - Because nearly half of small business owners watch too much -insert cable news channel here- - etc. All of these things are perceptions. If the statistics indicate positive growth, it is up to the individual to learn the facts regarding the economy and adjust their perception accordingly. My statement was correct and the sentiment of the headline was incorrect in portraying that there is a problem in the US economy compared to 1 year ago. The headline was correct in portraying the perception of nearly half of small business owners, and therefore misleading by failing to portray the majority of small business owners who do not hold the misperception that the economy is worse.