CBS News Sunday Morning - The Fast Draw: Corporate cash
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Published on Aug 14, 2011 by CBSNewsOnline
While millions of Americans have been looking for work, big businesses have been piling up the cash. Josh Landis and Mitch Butler wonder what those corporations could do with all the money they have saved up.
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The economy grows when lower and middle-class people spend money. The only spend money when they have money. They only have money when they have incomes. They only have incomes when they have JOBS.
The economy will not recover my slashing government spending. The economy will never recover by giving tax breaks to the super-rich and corporations. The economy WILL recover when jobs are created and kept here in America and the middle-class is expanded!
It doesn't get simpler than that.
MagicMan90028 6 months ago
If they were only national companies, of course they would put the nations capitol back into use, but alas, they a not. Sadly they are owned by the faceless few who apparently don't care they're forcing the economy into liquidation and losing their hoard due to inflation. A corporation not investing is as good as bankrupt despite their alleged hoard of paper dollars.
sidewallfusion 6 months ago
The Gov. tried stimulating economy with fresh money.Suggestion don't spend good money after bad.money purchasing power has been nearly halved.Hold on to cash you can then decide who gets elected in next elections
FINEDENTIST 6 months ago