'Hire some workers'

By The Tampa Tribune
Published: August 31, 2010

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So the economy is slowing. Who are we to blame? The president? The Fed? Congress?

We had two presidents give banks TARP money. This helped prevent a financial meltdown. The Fed has dropped interest rates to spur growth. Congress passed President Obama's stimulus, which has led to four straight quarterly increases in GDP.

Yes, the economy has been growing this past year. In fact, companies have directly benefited from TARP, low rates and stimulus. To the tune of $1.8 trillion.

That's how much companies currently have on hand, according to CNBC's Larry Kudlow. By not hiring new employees, companies have in effect sucked $1.8 trillion out of the economy. So I blame corporate CEOs for the slow economy.

Rick Scott, these companies do not need lower taxes, something you have been harping on. Let's get to work by having your CEO buddies hire some workers.

RANDY L. FORD

Palm Harbor