It's rather simple really....
All that you have to do is read the business journals and you'll see 2 very common themes throughout the majority of interviews:
1 - The business community understands that the current prez is anti-business and they have ZERO confidence in him leading this country out of the recession sooner rather than later.
2 - The business community is not sure what the cost to them is going to be with mandatory healthcare, wall street reform, new taxes, etc, etc, so they are preparing for the worst and hoarding their cash.
All that you have to do is read the business journals and you'll see 2 very common themes throughout the majority of interviews:
1 - The business community understands that the current prez is anti-business and they have ZERO confidence in him leading this country out of the recession sooner rather than later.
2 - The business community is not sure what the cost to them is going to be with mandatory healthcare, wall street reform, new taxes, etc, etc, so they are preparing for the worst and hoarding their cash.
So would you mind explaining to us the 2,000,000,000,000 in cash sitting in the coffers of big business today that could otherwise be used to invest in new jobs, manufacturing, equipment or God forbid higher wages (and thus more spending by us consumers)? There is a record amount of idle capital on hand today and giving them further tax cuts (or keeping the Bush tax cuts) will not suddenly and magically loosen their wallets..
Not advocating all out socialism, but there is a happy balance... and the pendulum has been swinging towards business since the early 80's... the same time debt has sky rocketed.. productivity has sky rocketed and wages and quality of life have taken a plunge..
What's wrong with this picture?