Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

American Businesses Should Spend Some of Their Cash Reserves to Create ‘Green’ Jobs...
CNSNews ^ | February 9, 2011 | Penny Starr

Posted on 02/09/2011 10:14:20 AM PST by jazusamo

lisa jackson

EPA Administrator Lisa Jackson holds up
the boxing gloves she was given at a
conference of labor unions and
environmental activists in Washington, D.C.
on Tuesday, Feb. 8, 2011. The gloves mark
her fight with lawmakers who oppose EPA
regulations. (CNSNews.com/Penny Starr)

(CNSNews.com) - Environmental Protection Agency Administrator Lisa Jackson suggested on Tuesday that American businesses with a “record amount of cash holdings,” estimated at $1.93 trillion, could invest some of those holdings to create jobs that advance pollution control.

Jackson, speaking at the BlueGreen Alliance national conference in Washington, D.C., cited a Dec. 10 Wall Street Journal article about a U.S. Treasury report, which estimated that there is $1.93 trillion in cash and other liquid assets of non-financial U.S. companies sitting dormant, not being invested.

VIDEO 1:12 minutes

“Even a portion of the $1.93 trillion invested in developing and installing new pollution control technology would result in good jobs right here for American workers,” Jackson said to the gathering of labor unions and environmental activists.

Jackson said that standards and regulations set by the Environmental Protection Agency (EPA) are good for job creation and the economy.

“The fact is that updating environmental standards, which we do to protect American families from things like mercury and acid gases and other toxic pollutants that cause asthma and lung disease, especially in children, create a good economic climate for investment and good jobs for American workers,” Jackson said. 

The Wall Street Journal article also stated the reasons for businesses sitting on large cash holdings and that those holdings are not beneficial to businesses.

“The cash buildup shows the deep caution many companies feel about investing in expansion while the economic recovery remains painfully slow and high unemployment and battered household finances continue to limit consumers' ability to spend,” the article states.

“The buildup has a big downside for companies, which get little return on their money because interest rates are low, but it reflects the relatively few opportunities they see to deploy their cash more creatively.”

In a commentary on Jan. 12 on RealClearPolitics, Tom Donohue, president and CEO of the U.S. Chamber of Commerce, said that uncertainty is the “enemy of investment and hiring.”

“The degree of change and uncertainty is unprecedented -- is it any wonder that many companies and other employers are sitting on their hands waiting to see how things work out? To know what their tax and regulatory obligations will be? To understand how new policies will impact their operations?” Donohue said.

“Uncertainty is the enemy of investment and hiring,” he said. “Through smart, commonsense policies, lawmakers can help increase certainty, especially when it comes to health care, tax, and climate change policies.”

Jackson said that despite “polarized debates” about the effects EPA regulations and standards have on business and the U.S. economy “environmental protection and economic growth can and do go hand in hand.”

She said the EPA’s “fundamental responsibility is protecting the health of the American people,” and warned against “special interests” that don’t understand the importance of that mission.

“It is important, as special interests try to gut our safeguards like the Clean Air Act that EPA has worked for and under for decades,” Jackson said. “And while special interests try to find loopholes so big polluters can skirt other common sense health protections.

“It is important to recognize these possibilities at a time when American companies have a record amount of cash holdings and liquid assets,” Jackson said.

According to The Wall Street Journal, among those companies with the top cash and liquid assets are Microsoft Corp., with $43.25 billion in cash and short-term investments; Cisco Systems Inc. with $38.9 billion; and Google Inc. with $33.4 billion.



TOPICS: Crime/Corruption; Culture/Society; Government; News/Current Events
KEYWORDS: epa; jobs; lisajackson; obama; socialism; unions
American businesses with a “record amount of cash holdings,” estimated at $1.93 trillion, could invest some of those holdings to create jobs that advance pollution control.

Lisa Jackson speaks like a true socialist in parroting her boss in support of unions.

1 posted on 02/09/2011 10:14:28 AM PST by jazusamo
[ Post Reply | Private Reply | View Replies]

To: jazusamo
Complete title: American Businesses Should Spend Some of Their Cash Reserves to Create ‘Green’ Jobs, Suggests EPA’s Lisa Jackson
2 posted on 02/09/2011 10:15:45 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

lisa jackson can spend as much of her own money as she wants on green jobs.


3 posted on 02/09/2011 10:17:17 AM PST by Fido969 ("The hardest thing in the world to understand is income tax." - Albert Einstein)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
Why would business want to pour money down a green Rathole ?

4 posted on 02/09/2011 10:17:48 AM PST by Uri’el-2012 (Psalm 119:174 I long for Your salvation, YHvH, Your law is my delight.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
NOGREEN
5 posted on 02/09/2011 10:18:48 AM PST by FrankR (The Evil Are Powerless If The Good Are Unafraid! - R. Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Lisa Jackson: a socialist wh*re waging von Clausewitz style Total War on American Free Enterprise.


6 posted on 02/09/2011 10:19:57 AM PST by FormerACLUmember (Character is defined by how we treat those who society says have no value.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

These people are absolutely clueless when it comes to business. I challenge each and every one of them to go out and personally hire someone themselves. I would love to hear their responses. Just think how many people Obama could hire from the millions of dollars he has. So what’s stopping him?


7 posted on 02/09/2011 10:21:48 AM PST by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
American Businesses Should Spend Some of Their Cash Reserves to Elect a Real American as President.

Once we get rid of the usurper in our White House, the economy will recover naturally as we invest in real jobs and in production that has value.

8 posted on 02/09/2011 10:22:48 AM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

obama and his minions act like teenagers with holes in their pocket. They suggest that corporate assets should be looted because the socialists can’t access the 1.93 Trillion (yet.)


9 posted on 02/09/2011 10:23:56 AM PST by richardtavor (One of the rare establishmt Republicans backed by the "Tea Party" movement that wants limited gove)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Cash reserves????

What is she talking about?

My former employer has gone through his life savings
just keeping the doors open.


10 posted on 02/09/2011 10:24:03 AM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
“Even a portion of the $1.93 trillion invested in developing and installing new pollution control technology would result in good jobs right here for American workers,” Jackson said to the gathering of labor unions and environmental activists.

I love the ASSumption that businesses are supposedly not already investing in such things. Bottom line from this Administration is that they recognize that businesses find Obama's policies ANTI-BUSINESS, so they have decided to use the MSM to continue to blame the entire slow economic recovery on EVIL BUSINESSES.
11 posted on 02/09/2011 10:25:10 AM PST by Eagle of Liberty (formally known as Kerretarded....I changed my name)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Socialists, like the modern DemocRAT party, are so eager to waste other people’s money. Business leaders need to tell this b*tch and her Kenyan boss to go pound sand.


12 posted on 02/09/2011 10:25:34 AM PST by bigredkitty1 (March 5,2010. Rest in peace, sweet boy. I will miss you, Big Red.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Are these people so clueless that they fail to realize businesses do not go into business to create jobs? People form businesses to make (GASP) a profit! If hiring more people helps the business owner and/or investors to make more profits then that is what will happen. Otherwise, businesses simply do not create jobs just because some greenie wannabe thinks they should.......


13 posted on 02/09/2011 10:25:34 AM PST by Thermalseeker (The theft being perpetrated by Congress and the Fed makes Bernie Maddoff look like a pickpocket.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Is not much of that cash owned by multinational corporations and sitting offshore for tax reasons?? If so, much of it can’t really be used for green jobs because it will be skimmed the moment it is transferred into the US to begin with.


14 posted on 02/09/2011 10:26:16 AM PST by SteveH (First they ignore you. Then they laugh at you. Then they fight you. Then you win.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
Just another carpet munching, communist obama administration, leftist hack thief.

LLS

15 posted on 02/09/2011 10:26:51 AM PST by LibLieSlayer (WOLVERINES!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hoodat

The only proper response to the EPA is for the new majority in congress to stop funding the EPA completely. I know that sounds radical but it’s the only way to fix this problem. Newt Gingrich is the only person of influence that has suggested this very solution.


16 posted on 02/09/2011 10:28:28 AM PST by precisionshootist
[ Post Reply | Private Reply | To 7 | View Replies]

To: tet68

My business has cut deeply into my savings... after 36 years of success.

LLS


17 posted on 02/09/2011 10:28:33 AM PST by LibLieSlayer (WOLVERINES!!!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Hoodat

Well said. He and most Dems don’t spend their money, they spend tax dollars.


18 posted on 02/09/2011 10:28:39 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
[ Post Reply | Private Reply | To 7 | View Replies]

To: tet68

I would venture to say your employer is not alone.

These idiots always mention billion dollar companies, not small to medium size companies.


19 posted on 02/09/2011 10:32:11 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
[ Post Reply | Private Reply | To 10 | View Replies]

To: jazusamo

Translation: I see a pot of money that I want to take for me and my friends and it really doesn’t matter that someone else earned it and paid tax on it. I’ll bully them into spending it my way even if it means they don’t have reserves to survive through the Depression my boss created.


20 posted on 02/09/2011 10:32:27 AM PST by Opinionated Blowhard ("The time will come when Winter will ask you what you were doing all Summer" -- Henry Clay)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Thermalseeker

Does anybody really believe this crap outside of the media and unions?

Why the heck do jobs have to be “GREEN”? With what is going on in the country, shouldn’t they be promoting any JOB?

Oh wait, they are too wrapped up in their fake morality to be honestly concerned about people.


21 posted on 02/09/2011 10:32:46 AM PST by 1scrappymom (Thanks Texas Rangers for a great run!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: jazusamo

Actually Lisa Jackson just let the cat about of the bag, this isn’t about global warming, it’s about pollution. This is why the countries with the highest rates of pollution are exempt fro kyoto.

Carbon credits and the green way of life is the globalist agenda for destroying America and it’s freedoms. Because if the left called it pollution, we would be up in arms about why the countries with the highest rates of pollution get a pass.

Think about it. Exxon in the US gets screwed but saudi Arabia oil fields get a pass.


22 posted on 02/09/2011 10:33:58 AM PST by EQAndyBuzz (The way to beat a terrorist is to terrorize him.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

How do they find such idiot a*holes?


23 posted on 02/09/2011 10:34:14 AM PST by expatpat
[ Post Reply | Private Reply | To 1 | View Replies]

To: EQAndyBuzz

That’s exactly what they’re doing. China was the number one polluter in the world a couple years ago and probably still is but we don’t hear much of anything about it now.


24 posted on 02/09/2011 10:38:34 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
[ Post Reply | Private Reply | To 22 | View Replies]

To: jazusamo

It will be amazing if there is one large business or corporation left in the U. S. by the time these clowns are done.


25 posted on 02/09/2011 10:38:47 AM PST by DoughtyOne (All hail the Kenyan Prince Obama, Lord of the Skid-mark, constantly soiling himself and our nation.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Hoodat

You are not going to see any job creation until he is gone and out of office. It is not going to happen.

The idiots who watch OBama TV help enable and empower him so they are just as bad. And no Fox is not our friend. TV is NOT our friend.


26 posted on 02/09/2011 10:41:24 AM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
[ Post Reply | Private Reply | To 7 | View Replies]

To: jazusamo

Lisa Jackson is an old Marxist hag who needs to be tossed in jail for sedition.

Note to the new GOP House members. DEFUND the EPA to an anual budget of $0.00


27 posted on 02/09/2011 10:43:30 AM PST by Emperor Palpatine (I'm shocked! Shocked to find out that gambling is going on in here!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tet68

“Cash reserves????”

This is the largest example of how gov workers think differently from those in the private sector. A gov worker spends all they can because if they don’t spend it this year, they loose it next year. In the private sector, the motivation is to do it cheaper and save it for the future.


28 posted on 02/09/2011 10:43:45 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: richardtavor

No their are like facists and nazis who are pure evil.


29 posted on 02/09/2011 10:44:09 AM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
[ Post Reply | Private Reply | To 9 | View Replies]

To: jazusamo

I learned my lesson when a friend and I went to the
SBA to see about a loan of 25,000 to start a business
they told us to come back when we needed a million.


30 posted on 02/09/2011 10:45:05 AM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: precisionshootist
The only proper response to the EPA is for the new majority in congress to stop funding the EPA completely. I know that sounds radical but it’s the only way to fix this problem.

I have thought this for a long time. I believe this is what happens when an agency actually achieves its goals; but, is still funded and has to look for things to regulate. There are no "green" jobs. The only "green" jobs that exist, exist because of government subsidies. Take away the money, and these "green" companies and jobs disappear. It is not a green, but a black hole which sucks up our tax dollars and gives nothing back in return.

31 posted on 02/09/2011 10:48:40 AM PST by LibertarianLiz
[ Post Reply | Private Reply | To 16 | View Replies]

To: jazusamo
Mr. Businessman is lamenting over whether to invest in the gold mine that is high speed rail or the vast windfall profits to be made in green jobs and alternative energy.

Now where did I put that "/sarcasm" tag? It's around here some where.

32 posted on 02/09/2011 10:51:16 AM PST by N. Theknow (Kennedys: Can't skipper a boat, Can't drive, Can't ski, Can't fly. But they KNOW what's best!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibertarianLiz

The Soviet Union showed what happens to such a command economy. The CHICOMs ditched that 30 years ago.


33 posted on 02/09/2011 10:52:17 AM PST by AU72
[ Post Reply | Private Reply | To 31 | View Replies]

To: jazusamo
"American Businesses Should Spend Some of Their Cash Reserves to Create ‘Green’ Jobs..."

I AGREE 100%.

Fire illegals and hire Americans to do the Landscaping!

34 posted on 02/09/2011 10:52:34 AM PST by Dacus943
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Lisa, take a good look at Spain and their experience with ‘green’ energy. Their socialist government dumped untold billions into subsidizing solar and wind and ‘green jobs’ and guess what? They ended up cutting off the money because it wasn’t working and was driving them even faster toward default. Meanwhile, hundreds of years worth of coal and oil sit untapped in the US, all because of the stupid EPA.


35 posted on 02/09/2011 10:59:37 AM PST by JPG (Work for conservative change like your country depended on it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JPG

Exactly. And now some companies that are more than willing to take millions in subsidies to develop green energy are having a hard time with enviro nazis because whether it be ocean, mountains or deserts the fields are a detriment of some kind. The enviros want green energy but then oppose it because of their bent ideas. sheesh


36 posted on 02/09/2011 11:07:54 AM PST by jazusamo (His [Obama's] political base---the young, the left and the thoughtless: Thomas Sowell)
[ Post Reply | Private Reply | To 35 | View Replies]

To: jazusamo

Someone should inform this uncivil bitch that you can’t create a market where one doesn’t exist.


37 posted on 02/09/2011 11:10:00 AM PST by Arm_Bears (I'll have what the gentleman on the floor is drinking.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo
American Businesses Should Their Cash Reserves, Suggests EPA’s Lisa Jackson American Businesses Should Their Cash Reserves on 'creating green jobs', Suggests EPA’s Lisa Jackson American Businesses Should Their Cash Reserves to the government to redistribute, Suggests EPA’s Lisa Jackson All are the same thing.
38 posted on 02/09/2011 11:18:06 AM PST by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Secret Agent Man

Sorry, regular formatting doesn’t seem to be working for me.


39 posted on 02/09/2011 11:20:41 AM PST by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Eagle of Liberty

I love the strange idea they seem to have that corporations are putting all their money in cash under their mattresses. Whether it’s in a bank or whatever it’s already being invested, just maybe not directly by the company. No rational businessman just lets money sit.


40 posted on 02/09/2011 11:27:49 AM PST by antiRepublicrat
[ Post Reply | Private Reply | To 11 | View Replies]

To: jazusamo

Taking their cues from Obama’s C of C speech, I think I have seen at least two prominent Democrats per day in the news pointing out that business has $2 bil. in reserves that they are not using to create jobs.

I think the template for the Obama 2012 campaign is set. “I tried. I asked them to be Patriots. I asked them to create jobs. But they refused. Guess now we’ll just have to take their money and create Green Jobs for them”.


41 posted on 02/09/2011 11:50:04 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo; Fiddlstix; Fractal Trader; FrPR; enough_idiocy; meyer; Normandy; Whenifhow; ...
 


Beam me to Planet Gore !

42 posted on 02/09/2011 11:50:04 AM PST by steelyourfaith (ObamaCare Death Panels: a Final Solution to the looming Social Security crisis ?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

I can turn her words around to make them palatable.

“There are great new technologies out there that can make business a fortune, with lower costs and better efficiency. More for everyone. Find those new technologies, develop and market them, and instead of capital just sitting there, it will produce handsome yields.”


43 posted on 02/09/2011 1:10:44 PM PST by yefragetuwrabrumuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Perhaps Ms Jackson could invest some of her own damned money “to create jobs that advance pollution control”.


44 posted on 02/09/2011 1:24:17 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Frantzie
You are not going to see any job creation until he is gone and out of office.

You are right about that. The only economic growth you will see over the next two years is in ventures that require no employees. This Administration has created a business environment where having employees becomes a huge liability.

So the big question is: Are they doing it out of ignorance? Or are they doing it with the willfull intent of destroying the American economy.

45 posted on 02/09/2011 1:39:44 PM PST by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
[ Post Reply | Private Reply | To 26 | View Replies]

To: jazusamo
"We should find a way to confiscate tax those cash holdings at an 80% level (nobody needs that kind of money!) and use it to eliminate the deficit expand social and environmental spending.

"Taxing at that level would force businesses, most of them the DIRTIEST polluters in the nation, to actually use that money to open new, GREEN plants, creating new GREEN jobs, instead of collecting unearned income from it," Administration officials said in a private Oval Office meeting.

"We know how to put it to better use, than those greedy B*****ds who are sitting on it, trying to hatch it like a rotten egg!"

46 posted on 02/09/2011 2:17:14 PM PST by ApplegateRanch (Made in America, by proud American citizens, in 1946.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jazusamo

Alternatively, the leftist clods in washingtong should be rounded up and carted off after a generous application of tar and feathers


47 posted on 02/09/2011 2:19:16 PM PST by bert (K.E. N.P. N.C. D.E. +12 .....( History is a process, not an event ))
[ Post Reply | Private Reply | To 1 | View Replies]

To: ApplegateRanch
"We should find a way to confiscate tax those cash holdings at an 80% level (nobody needs that kind of money!) and use it to eliminate the deficit expand social and environmental spending.

Seems like I've read a book about people with this mentality once. the parallels are striking. wow.

who is John Galt?
48 posted on 02/10/2011 5:41:28 AM PST by stompk
[ Post Reply | Private Reply | To 46 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson