Another Republican Economic Myth

Debunked by Brad DeLong, who is right so often that he has, of course, been denied a seat at the media table alongside such luminaries as Erick Erickson and Andrew Breitbart.

Brad presents this chart:

and comments:

"Not only is (the Republican) claim that Obama's policies and not the recession have "discouraged business investment" simply wrong--nonresidential business investment has grown under Obama much more strongly than other components of GDP--but the claim that business investment is lower than we would expect it to be at this stage of the recovery is simply wrong: it is higher."

Not that the truth will stop the mainstream press from swallowing whole the standard Republican lie about how bad Obama has been for the economy.

Comments

Jerry Critter said…
Gee, what a surprise! The republicans are wrong again...and again...and again...
June 20, 2011 at 11:17 AM
Shaw Kenawe said…
I'm shocked, shocked, SHOCKED, I tell you to see [again] how the GOP and the "liberal media" lie about the economy.

*now where's my fainting couch*
June 20, 2011 at 11:32 AM
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