The Wall Street Journal has an insightful post on expected future demand for software and other equipment investment in the second half of the year. While the presidential candidates squabble over the amounts or levels of government spending, the discussion rarely if ever gets into incentivizing private sector investment.
Private investment is definitely where the focus needs to be in the economy. Democrats constantly get nostalgic about the economy’s growth during the Clinton era but neglect to point out that growth was due to growth in private investment. Government’s focus should be on facilitating growth there.