10 Million Jobs 2 Decisions away

It was reported today that corporations have an excess of 1.7 trillion dollars worth of cash and short term investments on their balance sheets. They are holding cash because they are uncertain about the future economic climate, and the coming tax hikes in January 2011. It s very possible that the United States economy may be able to recover in a 6 to 8 month time frame if both Wall street and Main street were both reassured that they would not be hit with more taxes in the next year. Also to spur job growth I would propose that businesses be able to deduct the first year salary of the new employees they hire within the next 18 months. This would spur job growth from New York to Honolulu because business will be able to get a 2 for 1 deal being able to get a nice tax deduction while increasing their productivity. If these corporations were to spend 700bill of the cash they have to create jobs with a salary of 50k or more they could create an excess of 10million jobs and still have a strong safety net for if the economy were to take another downturn. What is the point of a recovery if the people who are suppose to be able to benefit from the recovery still can’t find employment after the recovery.