Randi Rhodes Newsletter for Thursday July 15th 2010

American companies are making money. Unfortunately for workers, that’s the only thing they’re making. It turns out that American companies are sitting on a pile of $1.8 trillion in cash, but still refuse to start hiring. They just sit on their cash instead of actually doing anything. Of course, when you think about it for a second, you realize that sitting on cash is what American companies do these days. Hey, why build railroad cars or software, when you can just manipulate cash? For one thing, it takes a lot fewer of those pesky workers. You don’t stand much chance of getting hired by these cash-hoarding companies, unless you’re job is guarding hoards of treasure. And that would mean you’re either a dragon or a leprechaun.

By the end of this month, 3 million jobless people will lose their unemployment benefits. And unlike American businesses, people with unemployment benefits spend the money, boosting the economy. You can’t hoard unemployment. It would be like trying to go on a food binge with a couple slices of bread and a package of Top Ramen noodles.

After being condemned by the NAACP for tolerating racism among their ranks, Tea Partiers are falling all over themselves to deny it. Below you can see video compilation of just a few of the racist comments made at Tea Party events, which is about as hard as making a video compilation of drunken comments made at spring break events. Check it out the video below. It’s like watching a Ku Klux Klan rally, except instead of sheets they have tacky outfits. Man, these are a bunch of poorly-dressed, ugly people. I had no idea how much those KKK robes hid. Please people, go back to the robes.

On a lighter note, billionaire Warren Buffet evidently wore a somewhat old, frayed tie to the White House yesterday, and President Obama gave him one of his own ties. Bad mistake, Barack—now this is going to be portrayed in the rightwing media as a neckwear bailout. Republicans will criticize President Obama for giving away that tie without offsetting the cost of the tie by cutting the budget somewhere else. And Warren Buffet knows how to save a dime. Now the next time he goes to the White House he’s going to be wearing a frayed jacket and pants and scuffed shoes.Today’s Homework