This Chart Explodes A Key Tenet Of The GOP

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		Tech Media Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Friday, June 24, 2011 This Chart Explodes A Key Tenet Of The GOP A key tenet of the GOP is this: The economy is being held back because businesses are nervous about deficits and taxes, and that if we just removed that uncertainty, businesses would spend and we'd have more jobs. The tragedy is that that's a total canard. One big problem? It's just not true that businesses aren't investing or spending. As this chart from Brad DeLong (via Krugman) shows, business spending (as a share of GDP) is actually pretty high given how much slack (demonstrated via unemployment) is in the system. To be clear: Business spending as a share of the GDP remains low, but it's remarkably high given previous patterns. Read » Also On Money Game Today: Jamie Dimon On The 5 Reasons Everyone Is So Gloomy About The Economy Ken Fischer Just Debunked These Popular Market Myths John Taylor Believes In The Balance Sheet Recession, But Thinks It Will Take Care Of Itself The 15 Countries With The Highest Concentration Of Millionaires Advertisement CHART OF THE DAY: Every Stock Trader Is Watching This Huge Level CHART OF THE DAY: CBO: If Politicians Made No Changes, The Debt Problem Would Go Away CHART OF THE DAY: This Chart Guarantees Lots More Housing Pain Ahead Share this: Buzz Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.wyldside@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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