Cash Rich Companies Buy Back Stocks:

While unemployment remains near 10%, the companies that laid off workers are flush with megabucks that they are now using to buy back their stock from investors in an attempt to drive the value of that stock even higher. Jia Lynn Yang reports on the development in The Washington Post. Never fear, though, these same companies are investing heavily in political advertising after the recent Supreme Court decision defined corporations as human beings, granting them, under the guise of free speech, the ability to dump millions of dollars into political advertising while hiding behind the masks of dummy nonprofit organizations.