Banks Take US Tax Dollars, Use it to Hire Foreigners

Why do bankers hate America?

Check this out. Apparently, while they were heading for meltdown, and as they were laying off thousands of American workers and then demanding taxpayers bail them out, major US banks were apparently trolling for foreigners to fill high-paying jobs. What gives with this?

This is from the Associated Press Investigation: Banks sought foreign workers.
Major U.S. banks sought government permission to bring thousands of foreign workers into the country for high-paying jobs even as the system was melting down last year and Americans were getting laid off, according to an Associated Press review of visa applications.

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.

As the economic collapse worsened last year — with huge numbers of bank employees laid off — the numbers of visas sought by the dozen banks in AP’s analysis increased by nearly one-third, from 3,258 in the 2007 budget year to 4,163 in fiscal 2008.

I have to admit, I didn’t get this. I have been wracking my brain, trying to figure out why these banks would go to foreigners to fill positions that could easily be filled with recently laid-off Americans.

If they’re looking for “cheap labor,” then perhaps they would do well to just offer Americans the lower wage, and see who takes it. Ya think?

For their part, Republican Charles Grassley and Democrat Dick Durbin are equally pissed, and working on a bill that would force companies getting bailout money to consider American workers first.

Gee, thanks.

Grassley should look at himself if he wants to locate a culprit here. For a generation, his Republican Party has been facilitating the move of manufacturing and jobs overseas, and even paying companies to do it. When you call the warranty center of your local American company, and you speak to a perfectly nice person living in Mumbai, isn’t that basically the same thing? Apparently, it’s perfectly okay to hire foreigners to do jobs from other countries, but to come here and do them is suddenly wrong.

Oh, please cut the crap, Grassley!

Yeah, what the banks are doing is wrong. But it’s only slightly more wrong than hiring foreigners in other countries to do jobs that people here are perfectly capable of doing. The only reason our workers are forced to “compete” with China is because the government, led by Republicans, has done nothing to protect them. We could make stuff to sell here. We can make cars that people want to buy, and we can make spatulas that sell for $1.50, instead of a dollar. It can be done, and done successfully.

The Republicans have raped our economy for years, and now, all of a sudden, one Republican senator is incensed, because a handful of $90K a year bank jobs are being given to “furr’ners.”

Guess what, Senator; we’ve been bitching about the same thing for years; what made ya change your mind all of a sudden?

Hypocrisy, they name is Republican.

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