Democrats Outsource Jobs

When the Obama administration and Congress approved the "stimulus" bill in February, the plan included new limits on the ability of TARP recipients to hire foreign workers who need H-1B visas.

The idea was to force the tarped firms to hire more American employees.

But the firms had already made numerous offers to hire foreign college and MBA students who attend U.S. schools, and since rescinding offers is both unethical and bad for one's reputation, the firms have come up with a solution.

They are moving the new hires to overseas offices.

Aside from deflating the pursuit of the American dream for such talented people, look at the result: the Democrats are sending high-paying jobs overseas which further erodes our domestic financial services industry. And those employees will now spend their money in foreign economies, rather than providing much-needed business to, and jobs with, American firms.

Nice work by the Democrats in outsourcing all of these jobs.