Walmart

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:

Al Qaeda Leadership Gather For Secret Meeting. "EFCA is The Great Satan!"

Promoted. -- GH

Osamas press conference in Muscat.

"The only good union is a dead union!" Osama bin Laden stated in prepared remarks today.

DATELINE MUSCAT, OMAN: Another shocking revelation of anti-Union plotting and scheming today, but this time it was not CEO's of TARP Bailout recipient banks
The attendees?  Senior Al Qaeda management, including Osama bin Laden,
Ayman al-Zawahiri and over two dozen more senior managers.  It marked a
historic first time for so many senior managers from Al Qaeda to be in
one place at the same time. Under normal circumstances and for security
reasons, Al Qaeda leaders are not allowed within 50 miles of each other
but desperate times call for desperate measures.

Set in the sleepy seaside town of Old Muscat, a city that has seen
better days.  Over the centuries, Muscat has served as a seat of
government and a door way to trade between Asia, Africa and Eastern
Europe.  The walls of the old city look out over the bay like bleached
bones, preserved in the salt and dry air.  The people that remain here,
do so stubbornly, like the wild trees and bushes that eke out their
existence along the rocky shoreline, sandwiched between ocean and
desert, buffeted by wind and heat.  The old market is still here, but
only locals trade there.  Dubai, with its glimmering towers and huge,
modern port facilities has rendered Muscat into merely a side trip for
the curious.  The Al Qaeda leadership meeting here, would very much
like to avoid becoming another Muscat.