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?
at

2 comments:

  1. Mr. Tastic8/11/2011 8:46 AM

    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.

    ReplyDelete
  2. J. Strupp8/11/2011 2:14 PM

    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.

    ReplyDelete