Hey American Big Business Get off Your Butts and Our Money Bring Us Jobs

Discussion in 'Politics' started by merrill, Jan 24, 2012.

  1. merrill
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    merrill VIP Member

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    This doesn’t need to be a pipe dream, but the researchers argue it will require the right combination of government policies to coax big businesses to let their cash flow. In particular, the group calls for more government spending and debt relief measures for households in order to shore up consumer demand. This, coupled with greater taxes on business cash reserves, could force companies to start reinvesting again in the economy.

    “There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis,” the researchers write. “Rather, through a combination of policy measures, overall demand can be strengthened and the credit constraint weakened. This will be the combination of measures necessary to start fulfilling the needs of U.S. citizens for decent job opportunities at all levels.”

    While the report doesn’t single out specific businesses, MainStreet has previously reported that many well-known companies like General Motors (Stock Quote: GM) and Western Digital are currently sitting on billions in net cash reserves.

    Seth Fiegerman is a staff reporter for MainStreet. You can reach him by email at Seth.Fiegerman@thestreet.com, or follow him on Twitter @sfiegerman.


    Big Businesses Have Enough Extra Cash to Create 19 Million Jobs | Employment | Career | Mainstreet
     
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  2. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Ok, you're insane, right?
     
  3. Oddball
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    Oddball BANNED Supporting Member

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    I reckon so.
     
  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    How about you get off your lazy ass and create your own job?


    Start a business. Provide a good or service that others want. Then you can hire whomever you want and you dont have to worry about an unethical boss, unless your a piece of crap yourself.

    Problem solved.
     
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  5. Stephanie
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    Stephanie Diamond Member Supporting Member

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    :clap2:
     
  6. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Notice how the op said, OUR MONEY
     
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  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Yeah did. Considering our money is in Washingtong DC and has nothing to do with this big businesses, id say he's slightly confused.
     
  8. g5000
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    g5000 Diamond Member

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    This is the second topic in as many days about this Massachusetts study.

    I do not see what jobs they think can be created. Where is the demand for the products these jobs would be making?

    Anyone?

    Some, if not a lot, of this liquidity they are talking about is investment money that is being parked on the sidelines. Perhaps these guys in MA have not noticed the stock market is stalled and trading volumes are very low.

    Everyone is worried about the market tanking. The Euro crisis has us back at the abyss. So these companies are playing it smart and holding back their investment cash.
     
  9. Oddball
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    Oddball BANNED Supporting Member

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    I think the know-it-all central planner technocrats believe that by inflating the shit out of the currency, they can compel the business owners to pump their cash reserves into the economy, while it still has value...But what they're doing is dumping into metals and other commodities and preserving their buying power, until we can get shed of the Marxist punk occupying 1600 Pennsylvania.
     
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  10. Oldstyle
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    Oldstyle Gold Member

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    It's nice to see that the UMass economics department is just as clueless now as they were when I went to school there thirty years ago.
     

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