"Companies are sitting on cash, afraid to spend because Obama created fear about change" people say.
This is misleading. The companies are NOT sitting on cash! Nobody keeps cash! They have their bonds already lent to someone else, for example the government and the money has already been spent! If they cash out those bonds, and convert to cash to do something else, some other spending will have to be cut to pay those bonds to them!
Folks, do not fall for the illusion that "companies are sitting on cash". There is no cash on the sidelines. ALL cash is already in the economy and total money supply is not enough to pay the total debt! This is a deflationary crash! The cause of unemployment is not because our industries are not good, it is not because business is not doing good. The sole reason is that we have scarcity of monopoly money because bankers control the money supply!
Must read Ellen Brown's web of debt, to understand how our entire population is in debt to the bankers for money that they create out of thin air and demand interest for:
http://www.tradingstocks.net/html/banks_create_money.html
Soon the total interest payments of government debt will exceed total tax receipts. #$%@ will hit the fan and we will see if FED is going to print and give free money to the treasury to pay the debt, or will the FED again print the money and lend it to the treasury!?
Our economic problems will continue and illusion of scarcity will exist as long as private banks are creating money out of thin air and demanding interest for it. What is the problem for that you may ask? The problem is that when they create the principal of this new debt, they do not create the interest portion. Thus the weakest borrowers are guaranteed to go bankrupt when borrowing stops. Banks are creating impossible contracts that should be void in the court of law.
Web of Debt by Ellen Brown explains it best.
http://www.kondratieffwavecycle.com/web-of-debt/