[BITList] persuation

[x50type at cox.net]

can steve jobs be persuaded to buy the USA?
he could hardly run it any worse than the clowns from left and right we have now........................
uppermost in their minds is keeping their cushy jobs, not the well being of the USA. 

ct

Apple cash on hand: $76 billion. US Treasury: $74 billion.
Apple cash now exceeds what the US government has left before it hits the debt limit. Apple cash level is higher even though government spends 10 times more than Apple is worth.

  a..  
Apple Inc. CEO Steve Jobs speaks about the iPad at a special event at Apple headquarters in Cupertino, Calif., April 8, 2010. Due to the impasse over raising the federal debt limit, Apple cash now exceeds the US Treasury's. 

Robert Galbraith/Reuters/File

As the government struggled to reach an agreement on raising the debt ceiling, the U.S. Treasury's cashbalance fell to $74 billion this week. That's less than the $76 billion that Apple now has in cash.

It's not terribly likely that the government will ask Apple Chief Executive Steve Jobs for help. But it wouldn't be the first time the government has asked for a bailout from an industry mogul.

In the mid-1890s, with the U.S. economy still recovering from the financial panic of 1893, the U.S. Treasury was in danger of going bankrupt as worried investors clamored to collect what they were owed from U.S. gold reserves. With few options left, President Grover Cleveland met with New York financier J.P. Morgan, who pledged a whopping $60 million in gold. Adjusted for inflation, that would be about $1.5 billion today.








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