Some companies really are hoarding [0] cash. By which I mean, they're stashing it in very liquid investments, rather than investing it in long-term ways back into their own company, and rather than hiring new employees. (And many banks are choosing not to lend those cash stockpiles out as capital.)
Corporations have good reason to do this. For many companies, they want to have the flexibility to take advantage of opportunities created by this economy, but they don't want to move just yet since there's so much political uncertainty. Nobody wants make a big investment only to have Congress levy a punitive tax on that investment. Nobody wants to hire a bunch of new people and then be forced to spend a bunch of money due to an unforeseen change in labor or health care law. So companies are sitting on cash, simply waiting for the political situation to settle down enough that it's safe to start using their cash productively.
[0] horde - a large group of people or warriors. hoard - a stockpile of resources.
Corporations have good reason to do this. For many companies, they want to have the flexibility to take advantage of opportunities created by this economy, but they don't want to move just yet since there's so much political uncertainty. Nobody wants make a big investment only to have Congress levy a punitive tax on that investment. Nobody wants to hire a bunch of new people and then be forced to spend a bunch of money due to an unforeseen change in labor or health care law. So companies are sitting on cash, simply waiting for the political situation to settle down enough that it's safe to start using their cash productively.
[0] horde - a large group of people or warriors. hoard - a stockpile of resources.