CORPORATE GREED EXISTS

SPECIAL POST

Those who march on Wall Street and elsewhere in the country in opposition to "corporate greed" don't have it entirely wrong.  Certainly, business drives the economy and employment and, to that extent, we don't want to add taxes or regulations to the business sector, particularly during adverse economic conditions. 

Nevertheless, we all know that corporate bank accounts are fat.  From a purely business standpoint, it is wise to have extra cash on hand in these economic times, especially when forecasts are for s deepening recession and the possibility of depression.  Businesses may have to weather a nasty economic storm.  And, there's that nasty and pervasive Obama anti-business stance that has that sector wondering what the effect of ObamaCare is going to be and whether or not the Bush Tax Cuts are going to expire. 

Yes, these are all good reasons for holding on to cash.  But, between the banks not lending and businesses not investing, the economy is not going to recover anytime soon, if ever.  If businesses were to lower profit margins and drive volume, we could get some money moving again and maybe even start hiring.  Corporations are not so inclined; they live by margins and statistics. 

Corporations and large businesses are not without blame.  Those in the board rooms need to rethink their marketing strategy and adjust their margins.  Otherwise, I feel the monicker of "corporate greed" is justified. 

That's MY AMERICAN OPINION, respectfully submitted.