Very profitable US Big Corps are clearly overdosing on stock buybacks.
Such a greedy, unpatriotic overdosing on these stock buybacks substantially benefits Earnings Per Share, and thus stock prices.
However, it economically devastates further the 99%, since instead of these US Big Corps making wise US job-creation investments, they heavily spend an outsized portion of their Cash Flow Generated From Operations on these stock buybacks.
Clearly, it is in nearly everyone's best interest to prevent this overdosing on stock buybacks.
But with this US Congress, which consistently legislates for the 1%, it is not going to happen.
The Obama Administration can't wait on the clearly dysfunctional, ineffective US Congress. It must act on its own and take wise steps, which don't require US Congressional Action, to prevent this clear overdosing on stock buybacks.
There is a long list of disincentives that I can easily come up with to prevent this harmful overdosing on stock buybacks.
I think one of the many particularly effective steps is for the US Government to place Corps that clearly overdose on stock buybacks way down the preferential list on getting US Government Contracts.
US Government Cabinet Heads and other key US Government employees can derive their own very long lists of wise steps the US Government can take to prevent US Big Corps from taking steps that clearly harm US job creation, such as by US Big Corps overdosing on stock buybacks.
