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Detailed text transcripts for TV channel - MSNBC - 20100709:13:27:00

profits pretty good, at least in terms of medium and larger businesses, and yet, they won t hire. i mean, is it kind of a psychological thing where they feel confident enough or uncertain? i mean, what s the deal? no. i think right now you have hit on the one very bullish part of the economy. and that is the corporate sector. we re heading into a new quarter getting quarterly earnings and probably will be a better than expected. and the reason is because corporations have cut to the bone. they have cut employees, cut r&d spending, anything they can. cut all the fat out an talking about enormous cash levels. what they re doing with the cash is another question. they re sitting on it, not investing in the u.s. economy and following the growth overseas. pepsi coe building 13 plants in china. ge building in india. you are seeing businesses follow the growth outside of the united states. but absolutely. that is the positive.

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