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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (474377)	2/28/2012 11:22:39 PM
From: DMaA	10 Recommendations Respond to of 793964

It is prudent for a corporation to sit on a lot of cash because you never know when the Federal Government might turn and attack you - See Gibson Guitars.

To: puborectalis who wrote (474377)	2/28/2012 11:32:21 PM
From: Bearcatbob	6 Recommendations Read Replies (2) \| Respond to of 793964

GM is a joke. They drop their debt and now are profitable. Oh yeah - do you know they got tax loss carry forwards despite BK? A crime against Ford!

To: puborectalis who wrote (474377)	2/28/2012 11:37:28 PM
From: Thehammer	7 Recommendations Read Replies (1) \| Respond to of 793964

there was no way to turn around the economy any sooner without risking revisiting severe recession/depression.....corporate America is sitting on record piles of cash.....blame them for not hiring back people. I beg to differ, there was a lot that could have been done to assist in an economic turnaround such as easing regulatory burdens, embracing domestic energy sources, easing the corporate tax burden. Instead BO gave billions to his cronies and worked on an abortion of a healt care bill. Regulatory, tax, health care and energy uncertainty prevent obstacles to business "investing" their "record piles of cash". Perhaps the best use of cash is to return it to the shareholders. Job creation is the result of wise investment.