Cash-Hoarding Companies Neither Spend Nor Lend, Fouling Economy FurtherQuicklink submitted by Sheila Samples Permalink
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|The job market is stagnant and the GOP has the federal government tied up in knots, so the country's short-term economic future is in the hands of America's titans of industry and finance. But despite having an unprecedented amount of cash on hand with which to create jobs -- more than $3 trillion, nearly four times as much as the 2009 stimulus bill -- the corporations aren't spending and the banks aren't lending.|
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