This is not trueSecondly.....Companies do not need to redeem overseas cash to create jobs in the US. They have tons of cash here in the US to create all the jobs they want,.........What companies lack are some good ideas on how to use the cash they have on hand. Apple, CSCO, Intel, GE and HPQ have plenty of cash on hand currently, to create lots American jobs. In fact, if you check, they take out loans to pay dividends rather than bring the cash back. If the cash was here in the US, they would not need to do this. They also use it to build factories to build chips overseas or, in the case of Apple and HP for two I know of for sure, they use the cash to buy dedicated production at TSMC, UMC, Foxcom and many other large manufacturing sites.
When Clinton was President .he could have solved this problem, but he chose not to,.... Now he wants to complain about it. So why not ask Clinton why he did nothing about the situation, when he was in office I think he was too busy having sexual relations with interns and tearing down safeguards with his Wall Street buddy Rubin that protected FDIC savers with strong regulations. My guess is he did it in exchange for cushy speaking engagements and "rock star status" after he left office. |
