"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 ...
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