Wednesday, September 07, 2011

Hoffa suffers brain malfunction

As reported by 9to5Mac, Jim Hoffa, President of the International Brotherhood of Teamsters Union, in an interview on State of the Union, has characterized Apple, Inc. as being unpatriotic, saying:

“Look at Apple, they have $76 billion dollars in their checking account, and they’re not spending it… instead of investing here, everything they do is in China, or in Asia somewhere… There’s something wrong with that.”

He might do better to ask what the institutions in which it is invested are doing with Apple's money, since it's certainly the case that they haven't stuffed it into a mattress.

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