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.
You are full of crap. Are you too naive to see what Obama is doing?
You are no conservative, you dolt.
ABSOLUTLY NOT!!!!
That money will vanish when obama pushes hyperinflation.
Everybody I know, business owners, average joes, retired folks, unemployed people, are hunkered down not spending a penny more than they have to. Some of them don't understand the workings of government very well. But they do understand the dangers of debt.
in futility
1. Why should anyone invest in American given the present socialist and anti-business atmosphere. Anyone in business is pretty much being told, “if you’re successful, we’re going to take it away from you and give it to someone else.”
2. Why would anyone hire with the increasing amount of mandates and red tape that are being forced down employers’ throats. Case in point, my state proposed to increase the per/employee unemployment tax by 1000%. They later reduced it to a 600% increase and congratulated themselves on what a good job they did. Why would anyone hire in that kind of anti-business climate?
You want work, America? Then throw every damn Democrat you can find out of office; at every opportunity. The markets will respond...
My company is hiring thousands of H1b’s. They are sparing no expense.
“I suppose they need to make shareholders happy, but come on already.”
There is no figure in math for “come on already”. The numbers must add up or any effort equals loss.
Care to make a guess as to why they’re hoarding their cash?
Another basic law of life that progressive idiots fail to comprehend. When you make it difficult for companies to conduct business, they will conduct less business. Now progressives or humans in general are not that dumb, so as their progressive state implodes and they sink into the quicksand of debt, what they really are doing is grasping at anything that can stop their sinking. Cash reserves of businesses, mandatory health taxes, retirement accounts of individuals, gold assets of individuals, etc. etc..
The reason they ain’t hiring is because of loose cannons in Washington.
Give them a Republican House and maybe even a Republican Senate and the private purse strings will loosen considerably. Add a Republican President in 2012 and it will be Reagan days again.
"The mining association said the new standard could put at risk the jobs of many of the 27,000 people employed at surface coal mines in Appalachia, mostly in West Virginia and Kentucky. It noted that roughly 145 million tons, or 11% of total U.S. coal production, comes from surface mines in the region.
Environmentalists have long sought to halt mountaintop mining in West Virginia and other parts of Appalachia, and some said they think the new EPA rules would eventually shift more mining to higher-cost underground operations that are more labor intensive.
"We are thrilled. This will definitely impact new mines and mine renewals and improve water quality," said Judy Bond, co-director of Coal River Mountain Watch, which opposes mountaintop mining.
With all the uncertainty out there, people aren't spending money.
When you can’t get credit anymore, you “horde” (used to be called save) for capital improvements, etc.
My “evil” company is doing it. We need cash to make sure that we can pay the people we have through what we anticipate to be tough times. I guess it’s better to hire more people, use all cash reserves to pay them and then lay off everyone?
Since when did any business owe anyone a job?
I expect if my company gets enough work to expand, they will push to send more work overseas to India and Thailand.
The burden in the US is growing great for a global company servicing a global market. Most of the projects coming to us to bid are outside the US anyways.
Obama’s plan is going like clockwork.
Create an environment that chokes business, creat more jobless,
and make them perpetual wards of the state (and Democratic voters
by and large).
I hope this is shown to be unsustainable SOONER, not later.