First off, what is the H1-B visa program?
It is a program which grants work visas to foreigners, usually Indians, who come to America to displace U.S. workers.
Large blocks of H1-B visas are given to big companies like McKinsey & Co to bring in Indian techies, who live six to a room, earn less than Americans, but which McKinsey charges at the going rate for an American.
The result is more profits for the likes of McKinsey, and job losses for Americans.
Get a cheap Indian; fire the American, and pocket the difference as you profit, McKinsey.
Now, Obama wants to bring in a lot more Indians on our dime.
An Indian delegation headed by Sunil Bharti Mittal (worth $12 billion), visited Washington to meet with top White House officials last week to plead (bribe?) for more H-1B visas – and more billions for Mittal (who also controls Wal-Mart, India).
The meeting was kept totally secret by the US media, including O’Reilly and Glen Beck, but was inadvertently exposed by reports in the Indian news media – which we monitor.
Billionaire Mittal met with Lawrence Summers, director of the NEC and assistant to President Obama for economic policy.
Also meeting with Mittal was Obama appointee Diana Farrell – formerly with McKinsey.
Diana Farrell has been a strong supporter of offshore outsourcing. She has maintained that offshore outsourcing creates savings (for big companies) that are reinvested by companies. Diana Farrell wants more money to the large corporations, at the cost of American labor.
Diana Farrell, McKinsey – get the connection?
According to the Indian press reports, billionaire Mittal was extremely pleased, even overjoyed, with his meeting with Farrell and Summers as “being very positive for India.”
The Obama administration is planning a huge increase in the number of H-1B visas. As senator, Obama supported a bill that to raise the annual number of H-1B visas from 65,000 to as many as 180,000 – in other words, another 100,000 plus Americans will lose their jobs, giving them up on U.S. soil to underpaid foreigners.
Why does Obama want to give so many American jobs away to foreigners, led by Indian billionaire Mittal? Why doesn’t Obama close down the useless H-1B visa program altogether and give the work back to Americans, instead of giving jobs to Indians?