Stop Offshoring
Wednesday, February 04, 2009
An Associated Press review of visa applications found that banks receiving federal bailout money sought permission to hire thousands of foreign workers for high paying jobs at the same time that they were laying off American workers. Banks receiving a total of more than $150 billion in aid requested visas for more than 21,800 foreign workers over the past six years. The average salary for the positions was over $90,000. The number of visas sought increased from 2007 to 2008 as economic conditions worsened.
Fortunately, Congress is considering legislation to require bailed out banks to hire only Americans for one year.
"It is obscene and vulgar for these huge banks getting taxpayer bailouts to use the bailouts to throw American workers on the street and bring in foreign workers," said Senator Bernie Sanders, one of the proponents of the bill. I couldn't agree more.
