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H-1B Visas: ‘Buy American’ Comes to TARP

February 7th, 2009
18 comments
clipped from www.businessweek.com
It’s another attempt at requiring companies to “Buy American” – but in this case, not American iron or steel, but American workers.
The U.S. Senate voted on Feb. 6 to put stricter limits on banks and other recipients of taxpayer money through the Troubled Assets Relief Program, or TARP, that want to hire high-skilled workers from overseas under the H-1B visa program. The Senate approved the measure – introduced by Senators Charles Grassley (R-Iowa) and Bernie Sanders (Independent-Vermont) – by voice vote as an amendment the economic stimulus package President Barack Obama is urging the Senate to pass.
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The result of using a wrong key to open the door is a broken key left inside the lock, which means a broken lock on a door that is even more difficult to open. Say you want to fix your car engine without paying a mechanic your hard earned money. Try fixing your self! You end up losing your whole day of time and probably your car too. Spend your quality time to improve your working skill, make yourself more competitive, earn more money so you don’t need to cut your car repair expense by mistake. It’s win-win-win for you, your car mechanic, and the whole economy.

Ask what’s the reason of less local IT workers! Don’t most American kids choose to pursue better jobs like lawyer, business, and politics rather than IT? Don’t let the country retrogress! It’s not easy for the US to come a long way till this point to be the world’s largest economy. Don’t screw it! When the world becomes flat, it’s dangerous to assume it’s still round.

Economy ,