Manufacturers keep the cash

  • Article by: SUSAN FEYDER , Star Tribune
  • Updated: August 17, 2011 - 2:23 PM

Many that built up cash in the recession continue to sit on large reserves, opening their wallets with caution.

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mn2niceAug. 14, 11 7:18 AM

And here lies the problem. Not government policy, but business unwillingness to take the risks necessary to grow the economy. While everyone sits around waiting for the other guy to make the first move, nothing happens. Dumb, really dumb.

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cmikkelsonAug. 14, 11 9:25 AM

I"m surprised these companies are sitting on cash and not expanding here in the United States. According to Republican rhetoric, every spare nickel businesses have goes into job creation.

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auggie60Aug. 14, 11 3:54 PM

Can we send the Polaris executive jobs to Mexico, too? Maybe they can pay even less than a third of what Polaris execs in the US are making...

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jfoxmedicAug. 14, 11 6:12 PM

Why would they risk at all when the current administration doesn't want to make a commitment to getting the economy under control. Too many on the left think that business is evil. How do you think you have the job you have? Do you think the business you work for should just give away the cash they have? They have to have a market for the product or service you and your coworkers provide. If they go and spend all the money now and nothing becomes of it, then you will be out of a job and then complain about that. Easy to complain but too often it is the complainer that isn't willing to risk anything.

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jfoxmedicAug. 14, 11 6:13 PM

Cmikkelson: Often that is the case, but pure business preservation has to come first.

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yathinksoAug. 14, 11 7:49 PM

The employees should share in the wealth of said company profits. Give the worker a reasonable bonus with excess cash, they spend and help build the economy.

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furguson11Aug. 17, 11 2:36 PM

But if we give them tax cuts, they'll create jobs.

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mackroeAug. 17, 11 2:47 PM

Consumers have zero confidence in the economy and aren't spending. Companies don't expand production and payroll just so goods can sit on the shelves. Why don't the politicians try taling to corporate america to see what they can do to install cofidence (#1 get rid of obama) instead of cramming things down their throat. By the way Warren Buffet's company has over $40b in cash on the books. Why isn't he spending it?

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daltrowitzAug. 17, 11 3:09 PM

It is hard to have the confidence to spend when you know that no matter how well you do your job and how much money the company is profiting, you still will be replaced if they can find someone cheaper. No amount of deregulation or tax cuts will change that.

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V313Aug. 17, 11 4:24 PM

I don't have confidence in the economy and I have no money to spend. I had to borrow $22 to fix a plumbing problem since I only had $19 left in checking. 10 years ago I would have never had this problem. I work full-time, take a bus, don't have internet and home and don't have children. Can hardly wait for that tax hike in St. Paul - hope it means that the crackwhores and rock slingers that do business in front of my house will be dealt with other than having customers. Looks like free market enterprise is going strong - provided it is on the black market.

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