How Republicans Have Trashed The Economy, In 1 Chart - HuffPo

[WillyT]

How Republicans Have Trashed The Economy, In 1 Chart
The Huffington Post | By Mark Gongloff
Posted: 11/04/2013 1:06 pm EST

<snip>

The next time a Republican tells you government spending is out of control, the chart below is all you need to prove otherwise.

The Financial Times has a story on Monday that is long and paywalled and not all that surprising to anybody who has been watching Republicans squeeze the life out of the economy for the past four years or so. Still, it's a story worth telling again and again, and it can be summed up in its opening paragraph: (Link to story: http://www.ft.com/cms/s/0/f0e71a16-4487-11e3-a751-00144feabdc0.html#slide0 )

"Public investment in the US has hit its lowest level since demobilisation after the second world war because of Republican success in stymieing President Barack Obama’s push for more spending on infrastructure, science and education," write Robin Harding, Richard McGregor and Gabriel Muller.

And they have a helpful chart to illustrate this, which I have reproduced here using data from the Bureau of Economic Analysis (story continues after chart):



<snip>

More: http://www.huffingtonpost.com/2013/11/04/republican-spending-cuts-economy_n_4213435.html?utm_hp_ref=business

[WillyT]

1. Kickety !!!