Posted on 08/07/2011 10:26:45 AM PDT by lowbridge
What can you blame them?
We have a government that is threatening them with all kinds of new taxes and regulations.
Of course they’re sitting on cash - my father did the same thing in the ‘30s with his business during the days of FDR.
The POTUS after Baraq (Jan 2013) will benefit from a HUGE surge of economic activity.
Its called a safety net. Businesses don’t know what will happen tomorrow with the situation we are in so they have to keep as much cash on hand to deal with emergencies and keep their doors open.
Bulls###! They should do what they feel is best for their company and if that means holding a non-violent protest against this regime in the form of dollar acquisition, I say more power to them.
In the grand scheme of things ...whose business is it anyway if they are hiring or not, spending or not, investing or not. No one has the Right to question them except maybe their bond holders.
The biggest problem is that the rogue’s gallery of terrible libs will still be there: Pelosi, Reid, Frank, Schumer, etc.
The people who really need to be punished for this won’t be.
Businesses are on strike. They are simply protecting themselves by conserving cash in an uncertain and often hostile economic environment. Individuals are basically doing the same thing.
One of the things which really aren’t written about in the 1930s....is that folks did make money....and just sat on it for the most part. No one truly felt secure anymore. They can all talk about FDR and all the infrastructure that he built. But in the end...we had money in early and mid-1930s to take off and be prosperous again, and we simply didn’t do it. The same thing exists today. And no, they will not pay out dividends to stock-holders, until they know how stable the situation really is.
I will offer this prospective as well. Once we turn some corner...people start feeling really positive....the economy will take off, and we are looking at one of the best economic periods of the past 100 years. The bond rating goes back AAA, and stocks will soar.
oops. capitol = capital, but that may have been a Freudian slip.
Of course they are “hoarding” cash (the new *gimmiespeak for holding cash in reserve); businesses have no idea from one day to the next what new cost (in the form of taxes or regulations or both) the lunatic in the White House shall decide to impose upon them. It used to be called hedging your bets, now, it is called “hoarding cash.”
*Gimmiespeak - the language of those who continuously expect others to provide a handout.
Can ya blame them?
Obama promises to punish success. Why try?
Exactly!
0bama with his directives has forced business to "hold" for lack of faith in investment.
Hell, I'm doing the same at home...
HELL YES, they are hoarding cash...
They have NO IDEA what’s coming at them next from Obama and the DC Incompetents. Wouldn’t you??
A Company hoarding cash is like a family hoarding food for a winter no one knows how long will last...
Don’t tell Obama, or he will want it.
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.