Answer by waldorfmom at 2:07 AM on Oct. 28, 2010
Gotta say, I don't blame them. I would probably be doing the same thing if I were them.
However, "we believe companies are looking for greater certainty about the economy and signs of a permanent increase in sales before they let go of their cash hoards, which they suffered so much to build," Moody's said in a report. "
Given low demand and capacity utilization within certain industries, companies are wary of investing their cash in new capacity and adding workers, thereby doing little to abbreviate the jobless recovery," it added.
Answer by QuinnMae at 8:26 AM on Oct. 27, 2010
It's simple, really. Businesses don't know how recent legislation is going to effect their bottom line. I would be saving up too, because they could be hit pretty hard. I wouldn't be hiring more people if there was any possibility that I would have to either lay some off or cut positions a few months from now. It would cost more in unemployment than it's worth. No thanks.
I don't have a problem with businesses making a profit. That's what businesses are supposed to do. That's why it is called business and not charity. I do not have a right to reap the reward of someone else's risk.
Answer by QuinnMae at 9:36 AM on Oct. 27, 2010
Answer by yourspecialkid at 10:48 AM on Oct. 27, 2010
Answer by tnmomofive at 8:45 AM on Oct. 27, 2010
Answer by lovinangels at 10:57 AM on Oct. 27, 2010
Oh, and to give fair representation, what else was in the bill the dems wanted to pass that you say Republicans blocked?
I'm going to go ahead and guess that it wasn't all about the tax holiday.
Answer by QuinnMae at 3:16 PM on Oct. 27, 2010
You don't blame them? Well maybe you should. They are profiting by not using their money in America. While their revenue only went up 6% their profits soared over 49%. Are they magicians, or have they found away to be very profitable by not investing and hiring in America. You honestly think if they extend the tax cuts for them in January, they will all of a sudden start investing and hiring n America. That is something they feed you as an excuse to keep getting away with this. Obama tried to put some rule into place for outsourcing, and the Republicans blocked it, because their friends the Corporations wouldn't like to stop the practice of only 6% revenue while 49% profits.
Answer by mommom2000 at 9:06 AM on Oct. 27, 2010
Your viewpoint on business is interesting mommom. How many businesses do you own and run and how many positions are you hiring currently? What is your tax liability?
Answer by QuinnMae at 3:14 PM on Oct. 27, 2010
Answer by Anonymous at 3:19 PM on Oct. 27, 2010