‘Government Intervention Has Been So Horrendous Businesses Can’t Decide What To Do Ab

GREENSPAN: It is, well, depending upon how you look at it, everyone agrees that it exists. There is a political difference of significant dimensions between people who believe that the extent of government intervention has been so horrendous that businesses cannot basically decide what to do about the future. For example, the percent of cash flow of business that is invested in any form of capital asset is that ratio two years ago was at the lowest level since 1938. It’s improved somewhat, but it is still extraordinarily low. And what we're observing there is with all this money coming in, all the profit, the cash flow, it cannot find adequate investments to use it.

Of course, this is what conservatives have been saying since the Democrats took over Congress in 2007 and the White House in 2009: excessive government intervention into the business world will cause business leaders to be squeamish about investing due to their fear of the future.

http://newsbusters.org/blogs/noel-s...ervention-has-been-so-horrendous-businesses-c