Forum Post: Companies that are sitting on boatloads of cash and not hiring American workers.
Posted 13 years ago on Oct. 9, 2011, 11:58 a.m. EST by jodybochi
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Wall Street? What about the American companies that are sitting on boatloads of cash and not hiring American workers and hiring abroad. We need to connect that with the Occupy Wall Street movement. If American companies aren't hiring American workers, then don't buy from them and buy from companies that are hiring Ameican workers even if they are foreign companies with operations in the U.S. That's a way to get their attention!!!!!
The boss is telling them to do that and their boss is the Top World Bankers.
Yes, your right. Cause it makes perfect business sense for a company to keep cash on a balance sheet than invest it in machines and products to sell for profit. Yes, earning 1% or less on daily commercial paper makes business sense, than returning 30 - 40% on sold products. There isn't demand. Average americans are tapped out. Unless they start spending money there is no incentive to expand operations. Companies don't want to hold cash, its not profitable.
Yeah, that would be a very good idea, and one we all need to take to heart.
Let's start with not buying Converse shoes, which is owned by Nike.