Amer. corporations are holding an estimated 1.8 trillion (holding, hiding, sitting on--choose your verb). This is in contrast to high unemployment. These corporations have the money to hire employees --American employees with the skills they need to operate. Yet they don't. Why? It isn't illegal to sit on funds--even when the country you went to for financial help bailed you out. What a nice slap in the face, huh?
Read this short proposal and share your thoughts. Does this seem like a good policy to support? Is anyone else angry that the corporations that went to the Bush admin, hat in hand, are refusing to help the economy under the current administration? Any idea why?
The reason corporations are hoarding their money is they don't want things to turn around. They want it to look dreary to the American people. The are holding off until the November elections. Big corp wants the republicans in charge so the can continue to what ever they want. Private business do the most hiring. Banks are not lending money to private businesses so that they can't hire people. The republicans allready have stopped the Administration from making the banks lend to small business.There is reasons why they are hoarding it's called the November elections.
Answer by mommom2000 at 5:48 PM on Jul. 19, 2010
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Answer by LoriKeet at 5:35 PM on Jul. 19, 2010