If Romney Wins, the Economic Uptick Will be Quick and Dramatic
“US small business sentiment weakened in September for the fourth time in five months as fewer owners expected to add staff and make capital investments.” Now, wait a minute. We just had the unemployment rate drop, 7.8%. We’re coming back. We’re rolling now. Obama fixed it just in time for the election. Wait a second. Small businesses, “Nope, nope.”
“The National Federation of Independent Business said on Tuesday its optimism index fell 0.1 point to 92.8 last month. The drop is a sign the US economy is taking a hit from uncertainty over the possibility of tax hikes and government spending cuts next year, said William Dunkelberg, chief economist at the NFIB. ‘Owners are in maintenance mode — spending only where necessary and not hiring, expanding or ordering more inventories until the future becomes more certain,’ Dunkelberg said.” What that means is until after the election.
I’ll make a prediction to you. If Romney wins this, we are going to see signs of an economic uptick very quickly. If Romney wins this, that will equate to confidence, more certainty in terms of what the economy is going to be vis-a-vis government policy, taxes and Obamacare. It’s gonna be practically immediate. It’s gonna be amazing. If Romney wins this and pulls this out, you watch. There won’t be a whole lot of hesitation. There might be some. Depends on what happens in the Senate. What would be really ideal is if Romney wins this thing and we send Harry Reid packing as well, Senate majority leader.