Major corporations are sitting on $2 trillion dollars in cash right now.
Corporate profits are up.
Banks have another $1trillion in excess reserves

From Boortz News, 16 July 2010

As National Review’s economics editor Larry Kudlow points out, that’s $3 trillion dollars being held in the private sector that could be financing the greatest job-creation and business growth. What’s more .. this money could be financing growth in the private sector, not in government. So … what’s the problem?

Obama and the Democrats .. that’s the problem.

Just a few things to consider:

This new so-called financial reform bill the Democrats have just passed calls for the creating of 243 new regulatory rule makings that will affect businesses across the country. Tell me .. are you going to take that cash out of your reserves and start spending before you have a clear understanding of what those new rules are going to be and how they are going to affect your business? There is the law of unintended consequences out there to deal with.

Then there’s ObamaCare. Tax hikes and new regulations. Businesses are still trying to figure out how this is going to affect their bottom line. For instance … do they keep their employee health care benefits or let the government just do it all?

Oh yeah .. then there’s Cap and Tax. Obama is using a spill of oil in the Gulf of Mexico as a reason to pass a bill limiting carbon emissions from American businesses. This could be the largest tax increase in our nation’s history. So … draw that money out of reserves and stick your financial neck out while the future of Cap and Tax is still unclear?

America still the second highest corporate tax rate in the world! Maybe all that money these corporations are sitting on could be better invested overseas where the tax consequences aren’t quite so harsh.

The fact is that businesses don’t really understand what their relationship is going to be with the Imperial Federal Government in the years to come. Taxes going up? More regulations and bureaucrats to gum up the works? Will ObamaCare become the disaster that so many expect?