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

[rdean]

every large and small business needs to hang a sign on their front door "WE WILL BEGIN HIRING WHEN OBAMA LOSES IN 2012".

What happens when they don't hire and you lost the best president in the last couple of decades?

 

[merrill]

"Funny how you don't demand the same thing from Solyndra execs."

This jewel was financed with money from republican investors and GW Bush allies when GW Bush was in office.

Obama apparently thought it was important to help republicans get through their disaster.

 

[Teals_Of_Wonder]

So is Obama the primary reason thousands have moved from the north to the south and west? Didn't Michigan lose a Million or so residents? They are at least flocking to Texas and Florida, and our unemployment here has finally dropped two points, more or less around 9.5%.

 

[Toddsterpatriot]

every large and small business needs to hang a sign on their front door "WE WILL BEGIN HIRING WHEN OBAMA LOSES IN 2012".

What happens when they don't hire and you lost the best president in the last couple of decades?

What happens when you wake up and realize Obama makes Carter look good?

 

[whitehall]

You can't get a break with the radical left but you can get a laugh from time to time. First they claim that only government can create jobs and then they complain that "industry", which is in it for the money, is involved in some sort of conspiracy that prevents the creation of jobs. Barry could have had a spike in the economy if he gave the OK for the pipeline but he chose to #1 blame the State Dept and #2 lie that the three year study "wasn't studied" and #3 most importantly take a trip to Disneyland.

 

[Willys]

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.

Apparently, the U.S.'s 401k's aren't complaining... only their kids. Or grandkids.

Or Goldman Sachs.

 

[g5000]

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.

Gee, what happened in 2007 and 2008?

Oh, yeah. All those leveraged banks crashed beause they didn't have enough reserves to absorb the losses on derivatives! Does anyone need a refresher graphic of the stock market crash?

Maybe they should build a bigger cushion, you think? That's what everyone has been screaming for in the name of "financial reform"!!!

$20 billion. Do you realize what an unbelievably small amount that is? And how many trillions had to be printed to rescue those same banks? Would it not be better they have their own cash now, instead of the taxpayers' rescue them again?

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

And exactly what are these companies that are "hoarding" supposed to be building, and where is the market demand for it?

Anyone?

 

[Teals_Of_Wonder]

Obama borrowed about 20,000 from every American and has no intention to pay it back,,,so when a baby is born, you may as well hand him/her a visa bill for 50,000 with a monthly payment of 100.00 for life,,,,,thanks to Obama !!!! Yes,,I will give Bush 30,000 of it,,,,but 30,000 per American was acceptable,,,but not 50,000 !!!!

 

[daveman]

"Funny how you don't demand the same thing from Solyndra execs."

This jewel was financed with money from republican investors and GW Bush allies when GW Bush was in office.

Obama apparently thought it was important to help republicans get through their disaster.

Obama was rewarding his donors.

Solyndra: White House Knew Obama Donors Could Be Implicated, Christian News

Solyndra Case Reveals Gateway Between Administration Loans, Obama Allies | Fox News

Solyndra 'Green' Executives: $100,000+ In Obama Donations And 20+ White House Trips | Sad Hill News

Obama admin reworked Solyndra loan to favor donor  | ajc.com

But don't you DARE criticize your little tin god. You'll burst into flames.

 

[jsgr79]

ok

 

[bripat9643]

every large and small business needs to hang a sign on their front door "WE WILL BEGIN HIRING WHEN OBAMA LOSES IN 2012".

What happens when they don't hire and you lost the best president in the last couple of decades?

What planet would that occur on? On this planet we have the worst president we've had since FDR.

 

[Chris]

Screw the banks.

Join a credit union.

 

[Charles_Main]

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

Why isn't this in the Conspiracy forum. LOL

Please, they are Holding onto Money and not Hiring Because of Obama all right, not because they want to Hurt him, Because his Policies Terrify them. His 2 Month at a time tax and Fiscal Policy has them perplexed. He Anti Business Class warfare tone has them Scared to Death of a 2nd term with Obama free to not worry about Re-Election.

This is the most Anti Business, Economically Inept, and Clueless administration Since Carter. Stop Blaming Business for Reacting to Obama's Policies with Caution.

 

[editec]

It's a vicious cycle.

Companies won't invest in new hires until they feel demand warrants it.

Demand won't kick back in until enough people go back to work.

Now seriously...who here is really having problems understanding this?

 

[Toro]

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

Clueless people write clueless things.

 

[Oldstyle]

As long as banks accept taxpayer assistance to keep their banks afloat they need to keep OUR money working for US the stakeholders.

Now if they want to convert to the Free Market system meaning no tax dollars hey I'm all for that. For now they love tax dollars backing up their corrupt home loan scams and their obscene bonus packages.

They owe the taxpayers big time!!

You're an incredibly confused person. Yes, the banks accepted taxpayer assistance (in some cases they were not even given a choice) but they paid back the taxpayers IN FULL WITH INTEREST. So why do you think they "owe" something?

You seem to think that the banks should make loans whether they are sound or not...simply because the President you support doesn't have an economic plan that works. So let me carry your illogical reasoning out to it's conclusion. The banks make loans that aren't sound to the "Solyndras" of the world...those companies go belly up...the banks go back into the red again...and we the taxpayers have to bail them out yet again. Is that the "plan" that you have to get things going again? Amusing...

Here's a radical concept...if you'd like to free up investment money? Why not repatriate the trillions of dollars that American multinational corporations have made overseas, allowing them to bring that money into the United States at a low tax rate if they invest the money in infrastructure or jobs? Gee, trillions of dollars pumped into the economy and not only would the US taxpayer not have to go into debt to make that happen but we'd actually get more tax revenues!!!

Or an even more radical concept...how about not hitting businesses with job killing legislation like ObamaCare and threatening them with EPA enforcement of greenhouse gas emissions, Cap & Trade legislation, Card Check legislation, lawsuits if they attempt to build factories in non-union States, and stonewalling permit approvals for drilling and pipeline construction? You want to create 19 million jobs? Tell the idiot in the Oval Office to stop treating businesses like the enemy or an ATM machine.

 

[FireFly]

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

Sounds just like - "If they would just lend to sub-prime borrowers again."

 

[WillowTree]

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

Sounds just like - "If they would just lend to sub-prime borrowers again."

bingo

 

[merrill]

As long as banks accept taxpayer assistance to keep their banks afloat they need to keep OUR money working for US the stakeholders.

Now if they want to convert to the Free Market system meaning no tax dollars hey I'm all for that. For now they love tax dollars backing up their corrupt home loan scams and their obscene bonus packages.

They owe the taxpayers big time!!

You're an incredibly confused person. Yes, the banks accepted taxpayer assistance (in some cases they were not even given a choice) but they paid back the taxpayers IN FULL WITH INTEREST. So why do you think they "owe" something?

You seem to think that the banks should make loans whether they are sound or not...simply because the President you support doesn't have an economic plan that works. So let me carry your illogical reasoning out to it's conclusion. The banks make loans that aren't sound to the "Solyndras" of the world...those companies go belly up...the banks go back into the red again...and we the taxpayers have to bail them out yet again. Is that the "plan" that you have to get things going again? Amusing...

Here's a radical concept...if you'd like to free up investment money? Why not repatriate the trillions of dollars that American multinational corporations have made overseas, allowing them to bring that money into the United States at a low tax rate if they invest the money in infrastructure or jobs? Gee, trillions of dollars pumped into the economy and not only would the US taxpayer not have to go into debt to make that happen but we'd actually get more tax revenues!!!

Or an even more radical concept...how about not hitting businesses with job killing legislation like ObamaCare and threatening them with EPA enforcement of greenhouse gas emissions, Cap & Trade legislation, Card Check legislation, lawsuits if they attempt to build factories in non-union States, and stonewalling permit approvals for drilling and pipeline construction? You want to create 19 million jobs? Tell the idiot in the Oval Office to stop treating businesses like the enemy or an ATM machine.

My my so many seem to believe OUR tax dollars should be available at a moments notice to shore up mismanaged industry. So how does this practice prevent a repeat performance? You thinkers piss and moan about socialism....is this not socialism?

Their unethical behavior put 11 million out of work which is likely losing the USA $$$trillions everyday. And this is okay?

11 million out of work is likely creating tax increases of all sorts due to loss of tax revenue in all of the cookie jars. Any type of increase in water and sewage rates, solid waste disposal rates,swimming pool fee etc etc etc is a tax increase no matter what.

11 million -19 million out of work is unfriendly to business and taxpayers.

 

[Toddsterpatriot]

As long as banks accept taxpayer assistance to keep their banks afloat they need to keep OUR money working for US the stakeholders.

Now if they want to convert to the Free Market system meaning no tax dollars hey I'm all for that. For now they love tax dollars backing up their corrupt home loan scams and their obscene bonus packages.

They owe the taxpayers big time!!

You're an incredibly confused person. Yes, the banks accepted taxpayer assistance (in some cases they were not even given a choice) but they paid back the taxpayers IN FULL WITH INTEREST. So why do you think they "owe" something?

You seem to think that the banks should make loans whether they are sound or not...simply because the President you support doesn't have an economic plan that works. So let me carry your illogical reasoning out to it's conclusion. The banks make loans that aren't sound to the "Solyndras" of the world...those companies go belly up...the banks go back into the red again...and we the taxpayers have to bail them out yet again. Is that the "plan" that you have to get things going again? Amusing...

Here's a radical concept...if you'd like to free up investment money? Why not repatriate the trillions of dollars that American multinational corporations have made overseas, allowing them to bring that money into the United States at a low tax rate if they invest the money in infrastructure or jobs? Gee, trillions of dollars pumped into the economy and not only would the US taxpayer not have to go into debt to make that happen but we'd actually get more tax revenues!!!

Or an even more radical concept...how about not hitting businesses with job killing legislation like ObamaCare and threatening them with EPA enforcement of greenhouse gas emissions, Cap & Trade legislation, Card Check legislation, lawsuits if they attempt to build factories in non-union States, and stonewalling permit approvals for drilling and pipeline construction? You want to create 19 million jobs? Tell the idiot in the Oval Office to stop treating businesses like the enemy or an ATM machine.

My my so many seem to believe OUR tax dollars should be available at a moments notice to shore up mismanaged industry. So how does this practice prevent a repeat performance? You thinkers piss and moan about socialism....is this not socialism?

Their unethical behavior put 11 million out of work which is likely losing the USA $$$trillions everyday. And this is okay?

11 million out of work is likely creating tax increases of all sorts due to loss of tax revenue in all of the cookie jars. Any type of increase in water and sewage rates, solid waste disposal rates,swimming pool fee etc etc etc is a tax increase no matter what.

11 million -19 million out of work is unfriendly to business and taxpayers.

Mismanaged industry?
Did the government have any part in the economic collapse?

11 million -19 million out of work is unfriendly to business and taxpayers.

Why is Obama making things worse?