Real business fixed investment.

Yesterday I compared real private GDP in cycles.

Today I would like to look at  real business fixed investment.

If you listened to CNBC — otherwise known as the Republican Propaganda Channel — or the campaign claims you would think that all the uncertainty created by Obama was destroying business confidence and that real business fixed investment was collapsing.

But the data shows a different story.  Three years from the economic bottom  real business fixed investment is up some 18.0%, or about the same as during the Clinton years.  In contrast, during  the
“Bush Investment lead Boom” it was up only up 6.9%, or about a third of the current cyclical rise.

(Update…slightly edited for readability…Dan)

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