News Manufacturing & Economy With Consumers Slow to Spend, Businesses are Slow to Hire
With Consumers Slow to Spend, Businesses are Slow to Hire
Monday, 23 August 2010 10:36
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Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they've yet to amp up hiring or make major investments -- the missing ingredients for a strong economic recovery.

Many Democrats say the economy needs more stimulus. Business lobbyists and their Republican allies say it needs less regulation and lower taxes. But here in the heartland of America, senior executives say neither side's assessment fits.

Source: Washington Post

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