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Economy
See other Economy Articles

Title: Companies hold record $837B in cash, yet won't hire workers
Source: USA Today
URL Source: http://www.usatoday.com/money/compa ... 28_ST_N.htm?utm_medium=twitter
Published: Jul 28, 2010
Author: Matt Krantz
Post Date: 2010-07-28 10:03:35 by lucysmom
Keywords: economy, profits, jobs
Views: 11399
Comments: 21

Anyone wondering where all the economy's jobs are might want to look into piggy banks of the world's biggest companies.

Cash is gushing into companies' coffers as they report what's shaping up to be the third-consecutive quarter of sharp earnings increases. But instead of spending on the typical things, such as expanding and hiring people, companies are mostly pocketing the money and stuffing it under their corporate mattresses.

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Begin Trace Mode for Comment # 1.

#1. To: lucysmom (#0)

The smart money isn't stupid. They know that the cost of hiring a person is going up with the stupid health-care bill.

They also know the with the expiration of the Bush tax-cuts the economy goes into the shitter next year.

Nebuchadnezzar  posted on  2010-07-28   10:07:29 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#4. To: Nebuchadnezzar (#1)

They also know the with the expiration of the Bush tax-cuts the economy goes into the shitter next year.

Odd, don't you think, that before the Bush tax cuts the economy thrived?

lucysmom  posted on  2010-07-28 10:16:35 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Nebuchadnezzar (#1)

That has been the common theme on the Fox Biz news series Sat morn. 10-noon for weeks.

The funny part about those shows is they always have one stupid Libtard on, sometimes a rep from the RAT party who doesn't have a clue. Especially the politcal hacks, they are the worst.

They used to constantly interrupt and talk over people who made sense, I wrote a bunch of times telling them to shut the mike down on these people and last week one of them actually threatened to do it. I never knew they put in the switch.

Now if Steve Forbes would pay more attention, as a Forbes subscriber I have been trying to get him to fire Quentin Hardy, head of their SF bay area operations and total loon for years. Forbes on Fox is the 11-11:30 segment.

reaganisright  posted on  2010-07-28 10:36:21 ET  Reply   Untrace   Trace   Private Reply  


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