Apple now has more cash than the U.S. government

[BBatesokc]

Not sure exactly what it really means, but I found it interesting.... http://www.cnn.com/2011/TECH/innovat...html?hpt=hp_t2

[RadicalModerate]

Maybe it means we need to "nationalize" Apple and bleed it dry.
After all, doesn't "An Apple a day keep the creditiors away?"

[Just the facts]

If the federal government was a business it would have closed its doors 35 years ago. Want to know what Apple is sitting on $74 billion in cash (along with nearly every other company)? It is because we have an impending cash crisis. Unless the private sector is willing to take on the debt that the government won't be taking on, we are going to see a decrease in the money supply. Companies dependent on cash-flow to stay in business will find themeselve out of business quickly. If the debt limit isn't extended the Fed can't do QE3 and deflation will start. On the other hand, if the debt limit is extended then QE3 starts up and inflation takes hold and the dollar falls further and the US loses its credit rating. Not much of a choice.

[HewenttoJared]

Nearly every other company? Negative, ghostrider...

[BBatesokc]

Anyone catch the Nightline special on Apple last night? They got unprecedented access to Foxconn and the migrant workers there that assemble iproducts, mostly by hand.

http://abcnews.go.com/Nightline/

Video 1 http://abcnews.go.com/Nightline/vide...aylist=1887643
Video 2 http://abcnews.go.com/Nightline/vide...aylist=1887643
Video 3 http://abcnews.go.com/Nightline/vide...aylist=1887643

[Swake2]

If the federal government was a business it would have closed its doors 35 years ago. Want to know what Apple is sitting on $74 billion in cash (along with nearly every other company)? It is because we have an impending cash crisis. Unless the private sector is willing to take on the debt that the government won't be taking on, we are going to see a decrease in the money supply. Companies dependent on cash-flow to stay in business will find themeselve out of business quickly. If the debt limit isn't extended the Fed can't do QE3 and deflation will start. On the other hand, if the debt limit is extended then QE3 starts up and inflation takes hold and the dollar falls further and the US loses its credit rating. Not much of a choice.

Hey Kerry,

Your economic predictions in this post, yeah, they didn't happen. Again.

Shocking.

[HewenttoJared]

Anyone catch the Nightline special on Apple last night? They got unprecedented access to Foxconn and the migrant workers there that assemble iproducts, mostly by hand.

http://abcnews.go.com/Nightline/

Video 1 http://abcnews.go.com/Nightline/vide...aylist=1887643
Video 2 http://abcnews.go.com/Nightline/vide...aylist=1887643
Video 3 http://abcnews.go.com/Nightline/vide...aylist=1887643

This will push good reforms.