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Tuesday, June 28, 2011

What Is Wrong With This Picture??

1)  U.S. Corporations have more cash on hand than at ANY TIME in history.

2) Ben Bernake is keeping interest rates as low as possible to encourage these same companies to borrow money and spend it to make the economy grow.

I think ol Ben has drunk the Kool Aid of macro economic theory once too often.  Won't somebody please tell him that U.S. Corporations don't need to borrow from him since they have their own interest free stash.

Please do it soon.  30 million unemployed and underemployed Americans really need help and this ain't it!!

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