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In Times of Trouble Job Creators Hoarding Instead of Hiring

11/3/2011

 
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Corporate America is sitting on a colossal $2 trillion in cash -- $1.4 trillion in the S&P's top 20 alone -- but that does little for the public.
Depending on whom you talk to, it's either a huge rainy-day fund if the economy heads for a double dip, or it's top executives feathering their nest in order to grab huge year-end bonuses.  Read more here.

Or is it that they're holding all their money until they get their way with more tax cuts and more deregulation?  Or is it that they want President Obama to fail so badly that they're going to hold their money and keep the unemployment rate high with the hope that it will ruin him (and thus once again usher in the good old days of Reaganomics where Republicans give them everything they want)?

Who knows?

One thing we know for sure is this: "Do not be deceived: God cannot be mocked. A man reaps what he sows." -- Galatians 6:7

Here's a little story about what God thinks of the behavior of these corporations:

Matthew 25:14-30

“Again, it will be like a man going on a journey, who called his servants and entrusted his wealth to them. To one he gave five bags of gold, to another two bags, and to another one bag, each according to his ability. Then he went on his journey. The man who had received five bags of gold went at once and put his money to work and gained five bags more. So also, the one with two bags of gold gained two more. But the man who had received one bag went off, dug a hole in the ground and hid his master’s money.  “After a long time the master of those servants returned and settled accounts with them. The man who had received five bags of gold brought the other five. ‘Master,’ he said, ‘you entrusted me with five bags of gold. See, I have gained five more.’

“His master replied, ‘Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master’s happiness!’

“The man with two bags of gold also came. ‘Master,’ he said, ‘you entrusted me with two bags of gold; see, I have gained two more.’

“His master replied, ‘Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master’s happiness!’

“Then the man who had received one bag of gold came. ‘Master,’ he said, ‘I knew that you are a hard man, harvesting where you have not sown and gathering where you have not scattered seed. So I was afraid and went out and hid your gold in the ground. See, here is what belongs to you.’

“His master replied, ‘You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest.

“‘So take the bag of gold from him and give it to the one who has ten bags. For whoever has will be given more, and they will have an abundance. Whoever does not have, even what they have will be taken from them. And throw that worthless servant outside, into the darkness, where there will be weeping and gnashing of teeth.’

At the end of the day these corporations are able to get away with this hoarding because our politicians refuse to write policy that would put a stop to it.  What's even more disgusting is that one way or another most of these corporations are doing well because the US taxpayer came running to the rescue of an economy that had been gutted by 30 years of Reaganomics.

We are all well advised to collectively return to the vineyard soon, and see what our servants have been up to.  If we don't, we might find ourselves buried.


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