Finally some decent news on the economy. The new GDP report for the first quarter of 2026 recorded a towering 10.4% annual rate of nonresidential investment. Investment is the rocket fuel of a prosperous economy. The bad news is that federal government expenditures climbed by 9.3%, led by a 20% jump in nondefense coming out of last year’s government shutdown. We have to keep draining the swamp.

This chart from the Wall Street Journal shows that the driving force behind this investment spending bonanza are tech and AI expenditures. These supersized capital spending by American AI and tech firms underscores the folly of communities revolting against data centers.

Do local residents want their cell phones to work? Do they want America to be number one?  We do.