Is it just me or do these talking heads have EDM (EconomicDistressMyopia)?
So America’s big corporations have TRILLIONS of dollars on their books and are not investing them to grow for the future. Does it really take an Einstein or economic whiz-kid to comprehend why? Of course not. Corporations are legal entities put in place for the purpose of establishing tax and general liability. At least that’s my definition. They are not burdened by morality, conscience or ethics as societal responsibilities in making decisions. They are not prejudiced necessarily by politics or religion. They geneflect at the Altar of the Bottom Line. It’s called capitalism. Logical and easy to understand!
So the banks have tons of money yet small Mom and Pop corporate and non-corporate America can’t get their hands on it. Of course they can’t. The credit requirements, for likely the first time in modern history, have been tightened up so much in over-reaction to what caused the economic bubble-burst that small business America has quite literally got an economic noose about it’s collective neck. Logical and easy to understand!
So we become an audience now for the lamestream media’s posturing political performance of feigned bewilderment of what is going on here. You don’t really believe these people are all as ignorant as they appear! Our elected representatives are all too willing to join this ‘sham’ performance, because they’re politicians not statesmen. Integrity is not a word common to their lexicon.
I would make the case that the reason they are holding on to their cash on hand is summed up in one word. UNCERTAINTY. The uncertainty they perceive in response to a President and congress who by their pattern of behavior in recent years has targeted corporations as the ‘whipping boy’ to enable a political usurpation agenda of a basic change in our form of government and thus, by extension, our economic system. They are not willing to invest in an America teetering on the brink of some kind of nouveau socialism that is completely alien to this capitalist system that came to create the most powerful, innovative and successful economic success in the world.
The answer I submit is just that simple. When a threat is perceived one reacts to it. That is what we now bear witness to. This jobs council is all political theatre to make the naive public think that Obama is committed to making a positive economic change. He is not. He is dedicated to collapsing this “capitalist” economy, the ultimate “crisis”, in order to position himself (in the people’s perception) as the saviour who’ll ride to the rescue. What we observe now is Obama’s political fiddling as the Rome that is America…..burns. The sham is needed so as not to make himself too obvious.
If nothing else 2008 proved to him and his puppet handlers that when it comes to America you can easily fool half of the people all of the time.
And things won’t change significantly until a large chunk of that half of the people recover enough to see reality and make themselves known in the NOvember 2012 election results are in.