Amazing. Obama only seems interested in helping the American people when there is something in it for him and big government. He has little concern for reality or for the dissent he is breeding in the American people with his power grabs and bleeding of the national economy. This effort by government to collect as much wealth from private citizens and companies to create a more socialistic society is one of the main reasons we are in such bad shape and are headed the way of the former soviet union; collapse.
Will Obama continue to position himself against the US economic recovery and taxpaying voters? Or will he continue to push toward socialist reforms that will lead us to a national collapse?
Apple's profits stashed overseas is getting restless for a trip the the United States. The tech giant, frequently seen wealthier than the U.S. government and Exxon-Mobile, is lobbying the U.S. government for a five percent 'tax holiday.' In a bizarre picture, Apple is aligned with Republicans and against the Democratic American President.
At it's last quarterly report, Apple announced it had almost $80 billion in cash.
Google, Oracle and Cisco are also part of the "WIN America Campaign" that argues "incentives to invest at home is a common sense solution that will immediately inject up to $1 trillion into our economy and provide businesses with the security and certainty they need to help Americans get back to work," according the the group's website. So far, the proposed bill has picked up support of 15 Republicans and eight Democrats in the House of Representatives.
So far opposed to the effort is President Barack Obama, to whom the companies donated $1.3 million in 2008.
Apple has a growing interest in protecting its foreign profits. During the last quarter, 62 percent of the iPad and iPhone maker's profits came from international sales. For some time, Apple executives have pointed to China as holding a huge potential for sales growth.
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