Advancing a Free Society

Why Business Isn’t Getting ‘In the Game’

Monday, February 14, 2011

By Stephen Haber and Scott Kieff

President Obama stood in front of the Chamber of Commerce last week and told American businesses to "get in the game" by investing their massive cash reserves to stimulate jobs, demand and overall economic growth.

Whether the president's call for the private sector to invest more aggressively is successful depends on the theory one has about why businesses have stayed on the sidelines to this point, not investing their mountains of cash.

The theory implicit in the president's speech is that the business community has simply not been paying close enough attention, that it has overlooked promising investment opportunities.

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