Interesting article debunking the likes of Palin & others who use voter buzzwords like 'extending tax cuts' and 'helping small businesses' to help her voter outlook.
some observers lament that corporations and some individuals are holding their assets in “cash” rather than spending and investing those balances, apparently believing that this money is being “held back” from the economy. What is preposterous about this is that the “cash” that companies and individuals are observed to be holding is primarily in the form of government securities and base money created over the past couple of years, which somebody has to hold at every point in time until those liabilities are retired. This is not money that is waiting to be spent. It is a stack of IOUs representing resources that have already been squandered, and now somebody has to hold these pieces of paper until they are retired.
I have to say that all Americans are New Yorkers today, in the wake of Mayor Bloomberg's brave and eloquent defense of American tolerance, and the resilient strength of America's diverse society, in welcoming the vote that cleared the way for construction of a mosque near the site of Ground Zero