Slow to Spend

摘要

This white househas "vilified industries," complains the Chamber of Commerce. America is burdened with "an anti-business president," moans The Weekly Standard.Would that all presidents were this anti-business: according to the St. Louis Federal Reserve, corporate profits hit $1.37 trillion in the first quarter-an all-time high. Businesses are sitting on about $2 trillion in cash reserves. Business spending jumped 20 percent last quarter, and is up by 13 percent against 2009.