With consumers slow to spend, businesses are slow to hire... and, oh yeah, interest on 10-yr T-bills is close to record low - meaning the government can borrow money really cheap!
By Neil Irwin
Washington Post Staff Writer
Saturday, August 21, 2010
CHICAGO -- Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they've yet to amp up hiring or make major investments -- the missing ingredients for a strong economic recovery.
... so, tell me again: why aren't we spending Government money to stimulate the economy? ... and how - with corporations SITTNG ON cash - can anyone make a serious case that keeping tax rates low provides a stimulus? - they've got $$$ that they're not spending!!!
I just don't get it...
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