I read that Apple Inc is sitting on $76 billion in cash. Good for them. Apple puts out products that people want to buy and they make a profit on it. Fine by me.
$76 billion is more than the annual GDP of over half of the countries in the world. Granted, some of the countries are pretty small but Apple is just one company in one industry. We can conclude that Apple is successful and profitable.
Yet, this all-American company, selling phones, computers and music players to Americans, doesn't build anything in America. Everything they make is outsourced to Mexico or China. I understand that business is cyclical and that bad times will surely follow good, but with a $76 billion cushion, shouldn't Apple move all of their manufacturing back to the United States? Most companies will say that they outsource to save a few percentage points on manufacturing costs, but when your profits are so huge that you have more cash on hand than the United States treasury, can we let Apple use that excuse? Shouldn't we, the American consumer, insist that they become an all-American company?
Hey, guy who replaced Steve Jobs as Apple CEO - Time to open some factories in the United States, dude. Now.