Too Much of a Greed Thing

July 31, 2010 at 10:15 AM (Uncategorized)

In Bob Herbert’s NYT column, an economist is quoted as saying… that corporations have so much cash on hand they don’t know what to do with it…

What to DO with it?  What to… Oh, crap. Put their part timers back to full-time, hire more full timers for that [thing] they’ve been putting off, add dental or vision if you haven’t carried it before …retrofit buildings for energy efficiency.  Make sure that if, in some of those buildings they  hire gimps…that they can get into the building (and have a choice of floors to work on.)   Pick a few more feelgood charities to support, thus enhancing your image.  Retool to make new items, if the thing you used to make is not in demand.

Businesses have no technical responsibility to do good.  But, putting the bleeding heart argument aside,  if all the freaking consumers are not consuming the businesses products down the line…who will lose…?

And they’re yelling at the current administration about not enough job creation.  Sickening. Money creates jobs.  That’s what corporations opposed to regulation have always said.   If you regulate us, you’ll strangle our profits, and then we can’t hire people…(Whine…)

I guess that idea got lost in the downturn somewhere…

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2 Comments

  1. bridgett said,

    Link leads me to the Mission Impossible theme…

    However, if you take a look at Steven Pearlstein’s article in today’s WaPo, you’ll find a good ally for the argument you’re making

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