A fall in investment is normal in recessions. The problem this time is that corporate profits are rebounding fast, yet companies are extremely reluctant to reinvest them in new projects. "What I see out there is apprehension," says Randy Altschuler, founder of CloudBlue, a recycler of used electronics equipment, and a Republican candidate for a seat in the House of Representatives from Eastern Long Island. "The owners of small companies I talk to are especially worried about health-care costs. Hence, they're holding back hiring and capital investment."
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