Could this Be The Worst ‘Recovery Summer’ Yet?

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11:36 AM, Aug 16, 2012 • By GEOFFREY NORMAN

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The people who didn't build their small businesses seem to think so. The Wall Street Journal reports:

The National Federation of Independent Business’s small-business optimism index dropped 0.2 point to 91.2 last month following a steep 3-point drop in June.

The report in general was downbeat about business conditions among small businesses. The view isn’t surprising given the other weak data reported in economic sectors from manufacturing to retailing.

The expansion of small business is where the jobs will come from when, and if, they do come. So more unemployment and underemployment and demoralization. Oh, well, maybe next summer ... with a new administration.