Thursday, August 11, 2011

Speaking of "Idle Cash"........

Seems as though the "idle cash" of various corporations is a hot topic these days.  LeftOWackies tell us that it should be "invested" someplace--meaning that it should be spent on 'make-work' jobs (or sent to the US Treasury as a tax payment.)

“We have about $35 billion to $40 billion of cash in our balance sheet.  That’s a lot.”

.....said one Corporate CEO lately.

He's the CEO of ObozoMotors.  Another greedy corporate type, right?

2 comments:

Mr. Tastic said...

There is plenty of cash on the sidelines. Now banks are charging to sit on it:

http://online.wsj.com/article/SB10001424053111903366504576488123965468018.html?KEYWORDS=charging+to+deposit

Obama must go.

J. Strupp said...

LeftOWackies tell us that it should be "invested" someplace--meaning that it should be spent on 'make-work' jobs"

Not really make work jobs. Invested in things that we're going to do anyway at some point but aren't doing right now: Like rebuilding a 60 year old highway system for example.