With the crappy economy that the Obama regime has produced, stock buybacks may be the “investment” that gives the most return to these companies.
When it becomes clear that Obama is history (and replaced by a constitutional conservative president with a Republican Congress) after the 2016 election REAL INVESTMENT of capital will kick in and massive growth will ensue. Until then...stagnation (and possibly recession) continues.
Don't make me laugh.
There's every indication that Republicans are too shallow to realize that, whatever party is in power, the left control the mechanism of government, education, and the law, and that means they control the economy.
A Republican might sit in the White House, but reds will be sitting in all the other important chairs.