An Interesting Perspective

Democrats seem to be fond of passing out money-- particularly other people's money.

But it's interesting how they handle their own money.

An interesting example is Apple Computer CEO Steve Jobs (a very wealthy fellow.)

In a recent Apple shareholder meeting (at which the continued presence of Enviro-fraudster Al Gore on the Apple Board of Directors was debated), Steve Jobs had this to say about Apple's abundant cash reserve ($40 billion):

"Cash gives us tremendous security and flexibility. When you take risks, it's like jumping up in the air, and it's nice to know the ground will be there when you land," he told the group. "We run our company conservatively from a financial point of view because you never know what opportunity is around the corner...We're very fortunate that if we needed to acquire something we could write a check for it and not have to borrow money."

Jobs also rejected the idea of giving stockowners more of that cash through dividends because, he said, he believed the stock price, currently at $201.60 a share, would be unaffected either way. He asked one shareholder, "Would you rather be a company with our same stock price and $40 billion in cash, or a company with the same stock price and no cash?"

So, one must wonder what he is thinking when he gives 99.9% of his campaign contributions to support the Democrat party apparatus.

I guess it means he thinks it's not so bad to take huge financial risks and run massive deficits if you're using somebody else's money (or risking national security by borrowing tons of it from countries run by communists.)

If the US were a company, its stock would be worthless, and it would have gone bankrupt long ago. But since it can just have more money printed by the Fed, that hasn't (officially) happened (yet.)

Certainly something to think about.