Deficit Peacocks

How Can Tax Cuts Make This Pile Of Money Trickle Down?

They've got their massive piece of the pie... And they want more.

Corporations Sitting On $1.84 Trillion Cash

From last month: U.S. Firms Build Up Record Cash Piles,

U.S. companies are holding more cash in the bank than at any point on record, underscoring persistent worries about financial markets and about the sustainability of the economic recovery.

The Federal Reserve reported Thursday that nonfinancial companies had socked away $1.84 trillion in cash and other liquid assets as of the end of March, up 26% from a year earlier and the largest-ever increase in records going back to 1952.

The problem is reduced demand. Continuing unemployment means that the economy is not producing demand, so businesses are not willing to risk investing in meeting demand, which means they are not hiring, which means unemployment continues.

Seriously? They are already hoarding vast sums of money - probably trying to figure out how to offshore it with our jobs too - and the GOP plan, the highly desired plan of corporations and the their rich owners, is giving them more with tax cuts for the listless elites. That will just be a bigger welfare check than the ones we already floated Wall Street for doing absolutely nothing to fix the disaster they created.

Meanwhile, the screech of the typical village idiot corporate shills and deficit peacocks is getting shrill:

How Would You Read This?

I love sites like Campaign for America's Future or Think Progress because they provide near infinite resources to the left leaning kind of people like myself that, in the past, were fighting so many of the big political arguments of the day without the benefit of any credible sources for research material. But they are not perfect.

Where else but Think Progress' The Progress Report are you going to find a page of material sent to you in your email inbox with pre-fact-checked material that is almost always timely and insighful. I.E. and from yesterday's (June 1st) The Progress Report: