High paid foreign workers benefit from our bailout
February 3, 2009
Not only do they get jobs Americans could have they get some of the high paying jobs.
Senator Chuck Grassley furious about:
The dozen banks now receiving the biggest rescue packages, totaling more than $150 billion, requested visas for more than 21,800 foreign workers over the past six years for positions that included senior vice presidents, corporate lawyers, junior investment analysts and human resources specialists. The average annual salary for those jobs was $90,721, nearly twice the median income for all American households.
“In this time of very, very high unemployment … and considering the help these banks are getting from the taxpayers, they’re playing the American taxpayer for a sucker,” Grassley said in a telephone interview with AP.
We may optimistically assume that these practices will stop because of our horrible economy, trusting that our brilliant corporate leaders know we Main Street Americans need jobs.
Well, we thought that we learned lessons from Enron and MCI and Tyco, too didn’t we? HA!
Let’s face it, our elected invertebrates just don’t help us at all. I think Sen. Grassley is one who is growing a backbone. You go, Chuck! We need you!
February 10, 2009 at 6:43 pm
My observation on Charles Grassley bill on limiting H1B visa for TARP recipient will not yield much success. If he really want to restrict the abuse of H1B visa and want to create more opportunities for US workers then he should introduce an amendment whereas indian companies which are by far the largest recipient of H1B visa should be barred from participation in the program.
If you observe that indian companies had outrightly abused the H1B visa system. They corner around 90% of the visa available and they bring in cheap labor to replace/outsource the work.
I am an indian and doesn’t approve the conduct of indian companies.
Venkat