Monday, September 12, 2011

The Capital Strike in One Picture - Investment vs. Consumption

The reason we have an anemic recovery is because business does not have confidence in the future.  The primary reason for that is the massive and ongoing change in the rules of the game ushered in by the Obama administration.  Note:  if businessmen thought that the changes in the rules were going to benefit them then we would be seeing an investment boom.  For good reason they assume that the Obami are out to screw them and are acting accordingly.

This really isn't that complicated, gang.

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