Businesses (sic) .. will reduce debt, take no risk, form no capital, hire no additional workers, and hang on to cash and resources .... all until the uncertainty is eliminated

Exactly what I said businesses will act like businesses, no demand = no investment. Supply side economics the theory that you give companies enough cash in a period of no demand (Reaganomics) has utterly failed. By your own admission.

Making up an lie like socialism/marxism is a weak excuse.