Interesting comment from Ralph Nader

Discussion in 'Politics' started by Chris, Jul 17, 2011.

  1. Chris
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    Chris Gold Member

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    On a broader note, the Wall Street Journal reports that non-financial U.S. companies are sitting on $1.9 trillion in cash, not investing it in productive projects at a time when our economy could use a boost. Imagine if Apple, Google, Microsoft and many other companies paid, for the first time, or raised their dividends and together poured $200 billion into the hands of shareholders. That would increase consumer demand when it is needed. Instead management seems content to sit on the inert cash in excess of what is prudently needed.

    Top management, having turned the wide-open 'business judgment' rule into an anti-shareholder forcefield, has to realize that this trove of money is not their money, it is our - the owner - shareholders' money!

    Ralph Nader's Update #1 to Upset Cisco Shareholders - The Nader Page
     
  2. Antiderivative
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    Antiderivative BANNED

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    Replace "interesting" with "poignant" and then you might make a point.

    However, lets address the reason why business aren't hiring: Uncertainty. Obama has managed to make this one of the most uncertain economic climates known to man. Consumers are afraid to spend and businesses are afraid to hire, even though recovery begun two years ago.
     
    Last edited: Jul 17, 2011
  3. California Girl
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    California Girl BANNED

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    I guess that's better than an 'interesting comment' of your own.
     
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  4. theHawk
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    theHawk Registered Conservative

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    Of course businesses are sitting on their cash. They still have no idea how much Obama care is going to cost them. Plus having no idea if taxes will be raised every year. Business doesn't like unknown costs.
     
  5. Chris
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    Chris Gold Member

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    The aren't paying their shareholders because of "uncertainty?"

    :lol::lol::lol::lol:

    The aren't paying their shareholders because they are keeping that money for themselves.
     
  6. Antiderivative
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    Antiderivative BANNED

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    Whooosh..........:lol:


    Most stock ownership is owned by who?

    Obama's buddy, Bernanke, helped out the stock market with Quantitative easing, which benefited whom?

    The rich are getting richer while most Americans stagnant and struggle and fucking liberals call this a victory. What the fucked happened to real liberals?
     
    Last edited: Jul 17, 2011
  7. Chris
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    Chris Gold Member

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    Well, we still have Bernie Sanders.
     
  8. Chris
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    Chris Gold Member

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    Here's another interesting fact...

    Between 1980 and 2006, the average cash-to-assets ratio for U.S. industrial firms more than doubled, according to research by finance professors.

    Companies pile up cash but remain hesitant to add jobs

    If you have all that cash on hand, you can pay yourself big bonuses!
     
  9. Antiderivative
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    Antiderivative BANNED

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    Too bad Grayson is gone.

    I take that back. He is a warmonger, but has his moments.
     
    Last edited: Jul 17, 2011
  10. Chris
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    Chris Gold Member

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    Too bad people don't understand what is going on in this country.

    The numbers tell the story.

    400 people control half the wealth in America.

    80% of the after tax income in the last 40 years went to the top 1%.

    American corporations are sitting on $2 trillion dollars in cash.

    And Reagan and the two Bushes created 93% of the National Debt by lowering taxes for the rich.

    Rob from the poor and give to the rich....
     

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