Apple Says It Will 'Contribute' $350 Billion in the US Economy Over the Next 5 Years (cnbc.com)

Posted by msmash on Wednesday January 17, 2018 @06:50AM from the big-moves dept.

Apple said on Wednesday it will invest $350 billion in the U.S. economy over the next five years, touting the creation of 20,000 new jobs and a new campus thanks, in part, to the prospect of tax reform. From a report: The company said it expects tax repatriation payments of about $38 billion, indicating that it will bring a portion of its $250 billion overseas cash back to the U.S. As of November, the company had $268.9 billion in cash, both domestically and overseas. The job creation will focus on direct employment, but also suppliers and its app business, which it had already planned to grow substantially. "We have a deep sense of responsibility to give back to our country and the people who help make our success possible," chief executive Tim Cook said in a statement.

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Re:Re-cess-ion is coming ... to town. by Anonymous Coward · 2018-01-17 07:21 · Score: 0, Funny

Unfortunately for the doomsayers, we have no bubbles; we have true solid growth. The only thing approaching a bubble is Bitcoin, but that is a new market.
Sorry to disappoint you, but with Libertarians at the helm, the US economy has the highest Dow numbers ever, and this only will continue to happen over the next seven years.