This type of news is what will give the socialists lots of ammo for more "reform." And that will be a winning issue. A lot of people out there are struggling to find jobs and pay the bills. Yet companies are sitting on $1.6 trillion and none of them are hiring? Not good.
Hoarding? No bias there, eh?
Don’t tell obama and waxman
They will be ramming through an “excessive cash holdings tax.”
They are just waiting for the storm to pass.....
Companies will start hiring as soon as economic prospects improve. The socialists will of course use this fact, but if will only exacerbate the problem, and the worse things get, the less likely it is that Hussein gets re-elected, regardless of policy.
People are hoarding cash since the marxist was elected. Businesses and people want to survive. Businesses and people hat uncertainty and as long as the Dems control Congress and the usurper is in the white hut - very little will change.
Why WOULD they hire workers, knowing the taxes that are going to come down on them?
This novel hoarding cash thing has a name.
It is called “saving”.
People not indoctrinated by leftists consider it a virtue.
....after Odumbo’s Caterpillar fiasco who can blame them?
Just another attack by the thieves to throw the red herring out there.........
I sure wouldn't.
Its too damn funny seeing these young ignorant Obama types around here driving in their low riders that are falling apart with their Obama car stickers displayed proudly.
By the time they pull their HEAD OUT, it will be waaaaaaaaay too late.
You amass cash when the credit markets are tight and you have uncertainty on where things are going to be in the future. This is a classic deflationary situation.
It’s the perfectly smart thing for them to do. Don’t hire people you don’t need, and when the sitting government has proven there’s no tax they aren’t willing to pass make your warchest fat.
Who the hell would hire a worker with ObamaCare and eternal unemployment essentially making people employees for life?!
contract workers, outside labor, where ever possible!
Maybe they’re saving for a rainy day. I certainly don’t blame them when there are storm clouds overhead and in the horizon as far as the eye can see.
“....reluctant to expand in an uncertain economy...”
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Soft-pedaled, pussy safe-speech propagandizing tripe.
“uncertain economy” = a Communist government that has declared not just war on business, but on honest productivity itself.
Well, obviously the only solution to this is for the federal government to step in and make them do the right thing.
How easily the left falls right into line with fascism.
It is a matter of perspective. I think they are CHOOSING not to spend money or take on new obligations, likely just as a result of a lack of confidence in the economy and having an administration in the White House that they cannot trust. Choosing not to spend money is not the same as hoarding or refusing to hire people.
If I were a business owner, I’d be hoarding my cash too, at least until Obama has been voted out of office in 2012 and a hopefully pro-business President takes over.
I'd correct this sentence from the piece. the root cause of the uncertainty is the current majority government which is hostile to business and distrustful of the economy.