Google today

There are so many unbelievable things going on in the political arena. Everyday I start to write comments and recommendations on the political scene, but even I, Mr. Optimism, have a difficult time trying to make sense of the liberal mind.
I'll be writing more later on this so-called debt crisis, but for now let me comment on GOOGLE. They are a one of a kind company. This morning, they reported a rise in profits, about 36% ahead of estimations. They knocked the socks off of everyone following the stock. It shot up $70 to near $600 per share, and as I write this, it's up $65.
Awhile ago the FTC (Federal Trade Commission) said it was going to investigate Google for,
what . . . ? Some kind of improprieties, say in the anti-trust realm. This is crazy. They are attacking Google for being too good and effective at what they do. Google has passed that "success" threshold, and the big boys see it as their job to rein them in. It's a sad commentary on our government. Punish the achievers.
Google carved out a niche. Now, others, Including Microsoft (Bing) are going after Google's share. The marketplace works just fine, thank you very much. Indeed the irony is that Microsoft is one of the companies lining up to complain to the authorities about Google. Ironic because it was Novell that got the justice department to go after Microsoft---causing Billions of dollars in damages, and only ingratiated the attorneys.
I argued with Senator Hatch a few years ago when I was driving him to the airport after a visit to our Seattle offices, that the Justice Department shouldn't be wielding the sword of government for a Utah constituent. It is funny how big companies want more government regulations which affect the little companies---the start-ups and true competitors of the big guys---and effectively keep them out of the business.
So, I say, congratulations Google. Keep it up. Serve your customers. Make our life better. Grow and expand around the world, and stay "bucked up." All I ask is that you do a ten for one stock split (or 20:1), like Baidu (BIDU) did. Their stock was at $650, went to ten shares at $65 and in the past few months has climbed back up to $148. Double WOW.
For some excitement away from the Democratic lies, follow those two companies, along with BORN, RENN and AAPL.
More Later.