Two trillion in cash, sitting, waiting! Where, you ask? In American businesses. Why won't they spend it? They will, once certain issues get settled. Businesses (unlike Government) have slimmed down their budgets by eliminating over 2,000,000 workers since Congress passed the Stimulus in February 2009. Businesses see change and most likely additional costs in these areas:
Taxes - business and personal
Health care costs
Energy costs
Credit
Labor costs
Quoting Eric Cantor (Minority Whip):
"No matter how much money President Obama borrows and spends, our economy simply will not recover until small, medium and large businesses have the confidence to put Americans back to work."
Source Article
Thursday, September 02, 2010
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