Gross domestic product did a 180 degree turn in the fourth quarter as the nation saw national output shrink by an annualized rate of .1%. The Bureau of Economic Analysis attributed the shrinkage to decreases in private inventory investment, federal government spending, exports, and state and local government spending.
The one saving grace was the increase in equipment and software expenditures, up 12.4% in the fourth quarter. While not the best proxy for broadband spending in America, it does reflect the demand for the lifeblood components of an all IP network.
This positive growth jives with an observation made today by Federal Communications Commission chairman Julius Genachowski who, in remarks made before the Southwest Family Enhancement Center, that annual capital investment in wireless has grown 25% since 2009, and that the U.S. accounts for 1/4 of global investment in mobile infrastructure.
Wireless broadband in particular and information technology in general are having a positive impact on gross private investment and overall GDP. Scaring off investors with even hints of new regulation is the last thing the economy needs.