USA banks and industry are sitting on 19 million jobs to make Obama look bad

Discussion in 'Politics' started by merrill, Jan 21, 2012.

  1. merrill
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    merrill VIP Member

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    If America's largest banks and non-financial companies would just loosen their death-grip on a chunk of the $3.6 trillion in cash they're hoarding and move it into productive investments instead, the report estimates that about 19 million jobs would be created in the next three years, lowering the unemployment rate to under 5 percent.

    Corporate America Is Sitting On The Solution To The Jobs Crisis: Report
     
  2. percysunshine
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    percysunshine Gold Member

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    USA banks and industry are sitting on 19 million jobs to make Obama look bad

    Why would they do that? He doesn't need their help.
     
  3. The T
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    The T George S. Patton Party Supporting Member

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    WHY should any hiring go on with the uncertainty that Obama has introduced regarding Obamacare, Taxes, and all the rest of it?

    Employment will NOT rise signifigantly until Obama is gone, and the Anti-capitalist Statists in the Congress are shown the door.

    What do you propose? These people be forced to hire when they know they won't profit and thier capital will be wasted?

    YOU are one of these freaks that think companies exist just to hand out jobs.
     
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  4. occupied
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    occupied Gold Member

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    Banks are scared shitless and reluctant to loan anything short of a sure thing, why would they risk all that cash they worked so hard to swindle on the poor saps they took it from?
     
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  5. WillowTree
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    WillowTree Diamond Member

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    that's what happens when obummer and you libtards demonize a business or a whole group of people.. they don't wanna play wit you no mo.. deal with it.
     
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  6. percysunshine
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    percysunshine Gold Member

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    It seems that your butt has occupied your head again.
     
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  7. merrill
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    merrill VIP Member

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    How can having RINO's in the white house be more important than the nations economy?
     
  8. The T
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    The T George S. Patton Party Supporting Member

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    How can having an avowed Marxist there now help it?:eusa_whistle:
     
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  9. merrill
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    merrill VIP Member

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    Even as the nation continues to confront massive unemployment, the nation's biggest companies have been hoarding cash. Banks have been able to borrow the money essentially for free from the Federal Reserve, so why not?

    In fact, according to the Federal Reserve (Table L.109, line 28), banks are sitting on $1.6 trillion in reserves -- about 80 times the $20 billion they held in 2007.

    Meanwhile, non-financial companies are keeping their profits liquid, rather than plowing them back into investments, to the tune of about $2 trillion.
     
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  10. WillowTree
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    WillowTree Diamond Member

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    poor old merrill whining incessantly cause he can't steal someone else's money..









    makes my friggin day.
     
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