CHART: Government Cuts Are Killing The Economy, And Housing Is Saving The Economy

This chart says it all:

The red line represents public construction spending.

The blue line is private residential construction spending.

Both are indexed to 100, right at the start of 2009.

The red line is an ongoing drag on the economy.

The blue line keeps going up and is now providing a lift to the economy.

Pretty clear.


Photo: FRED

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