Detailed text transcripts for TV channel - MSNBC - 20130310:14:21:00
>> they were just -- agreenlgous. >> watch this loop. why did a lot of homes go under? why couldn't people afford their homes? jobs. the jobs weren't there. why are there no jobs? corporations are hoarding cash, they are holding on to cash. the stock market rewards them because they love a fat balance sheet. this is a vicious cycle. >> there's a third part, right? so jobs go down, part of that is because corporations are hoarding cash. the other thing is because the public sector is shedding jobs. >> yes. >> we see this number the other day. if we held it straight, if we had not cut a single p...