Is Corporate America Jumping Ship?
Corporate America is sitting on tons of money rather than expanding and investing. Most began making profit by reducing the labor force, putting more work, on a smaller work force. In addition they will not hire because of uncertainty. The U.S. government is changing the laws regarding employees, particularity the employers obligation providing health care insurance. Unless action is taken, the Bush tax expire at the end of the year. Then there is the energy bill. Until the government puts clear laws and regulations into place, corporate America, as well as small business, are basically standing by. The Fed doesn’t use QE to pay off out of control debt.
