Their excuse, THEY NEED GREATER CERTAINTY.
Like what?
NO REGULATION.
One dollar chrome printing plate
A one dollar chrome printing plate. US companies are hoarding nearly one trillion dollars of cash that they are unlikely to use for expansion amid a muddled outlook on economic recovery, rating agency Moody's said Wednesday
...Companies cut costs,((click title to entry - thank you) reduced investment in plants and equipment and downsized operations in order to boost cash holdings during the recession. As the corporate bond market reopened many companies also boosted cash levels by selling debt and refinancing near-term debt maturities.
Nonfinancial U.S. companies are sitting on $943 billion of cash and short-term investments, as of mid-year 2010, compared with $775 billion at the end of 2008, Moody's said. This would be enough to cover a year's worth of capital spending and dividends and still have $121 billion left over, it said....
I believe it was Mr. Boehner that stated, "...it is like trying to kill an ant with an atomic bomb."
YES?
Is it no wonder why the plutocrats are investing so heavy in the Repubicans?
CORRUPTION with a "Capital C."
Gee whiz the obstructionists are all to clear now. And President Obama being the gentleman he is stated something like, "...the newly elected Republicans will want to prove they can make a difference and will be anxious to cooperate with legislation when they are inaugurated." Why do I believe that is terribly naive of the President. The truth is that the Republicans only seek to make things as difficult as possible to show the nation how much they have to accept their fate !
