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Cash-Hoarding Companies Neither Spend Nor Lend, Fouling Economy Further

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opednews.com Headlined to H2 7/12/12

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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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opednews.com

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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