Uh, yeah. I can say it with a straight face.
Why else is cash on hand for corporations at such a record level? Why are they not reinvesting in their business to make more money?
From the International Business Times -
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According to the Federal Reserve, U.S. corporations held a record $1.93 trillion in cash on their balance sheets in 2010. But they are not investing to expand their companies, grow the real economy or create good middle-class jobs, the report says.
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I think Steve Wynn might know a thing or two about business.....from a recent rant of his -
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And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.
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Straight face? Certainly. I am amazed that you can dismiss it with one.