Why there's a recession

  The reason there is a recession is because business is not investing in the economy (infrastructure, technology, training, nada). A great story by Diana Henriques in the NY Times confirms this. I figured it out one day, the next day her story appeared (she wins). The story headline: "Unlike consumers, companies are piling up cash."

 The media always blames the consumer (you and me), saying consumers are two-thirds of the economy. But what about the other third?

 That must be business. And business has plenty of cash. Too much. And they are just hoarding it, not giving pay raises, not buying technology, not hiring, not training.

 Businesses could (should, must) invest in their own future, and in doing so, get us out of the recession (win-win).

Comments

[Erik]

We don't need to worry about recession because the business sector is awash in cash, and lavishing its CEOs with huge salaries. CEO pay is up over 145% according to the NY Times. Why is this good news for the rabble like myself? Plain and simple Reaganomics. All those hundreds of millions of dollars will trickle down into my pocket. God Bless America! ;)