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Stephen Herrington  Wherefore Art Thou, Capital Investment?
Posted: 06/26/2012 4:08 pm  According to Moody's, American
corporations are holding $1.94 trillion in cash. That's
equivalent to 15 percent of U.S. GDP. If it were captured by the
U.S. economy, that would pay for 25 million jobs for one year.
It would boost the economy by, well, 15 percent if spent
overnight. It would pay for the Pentagon budget for 3.2 years. I
would pay every medical bill in the nation for a year. It's
almost equal in size to the Social Security Trust fund. It's
enough money to alter the course of global economics. So what's
it doing? Is it just sitting there in a bank drawing 1.1 percent
interest in a CD?  Seven hundred billion dollars is offshore
waiting for Congress to grant a tax holiday before it will come
home. If it comes home it will join the $1.24 trillion already
here that is hanging out at the hedge fund bar and casino
waiting for some delicious shapely 20 p