• Seattle Times, Tuesday, August 16, 2011 10:15 AM

Starbucks CEO Howard Schultz has had it with political dickering in Washington, D.C., and is calling for a boycott on campaign contributions to President Obama and congressional lawmakers until they put the country's financial house in order.

He also wants companies to override their fear and start spending the cash they're sitting on. Starbucks had $1.7 billion in July, up from $1.2 billion when its fiscal year ended nine months earlier.

"Right now our economy is frozen in a cycle of fear and uncertainty. Companies are afraid to hire. Consumers are afraid to spend. Banks are afraid to lend," he wrote in a letter sent Monday to other corporate leaders.

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