Saturday, August 7, 2010

Outsourcing America

More and more taxpayer dollars seem to be migrating overseas,
Obama has launched a deal to send $36 million to south Asia
to train workers in IT and related positions
to become more fluent in Java programming and the English language.
Armenia will also be receiving funds from USAID,
U.S Agency for International Development,
completely taxpayer fueled.
Further outsourcing American jobs.

Recently 24 multinational companies
including 6 Fortune 500 companies
(Disney, Kraft Foods, etc.)
pack up and move to Shanghai.

General Motors announced they will invest half a billion dollars ($500 million) to make a plant in Mexico
as we know, Mexican workers are paid far less than Americans
averaging around 54.8 pesos or $4.18 a day,
not an hour.... A DAY!
The GM workers earn wages and benefits of about 340 pesos a day
($26.40 a day or roughly $4 an hour)

This comes not long after the automotive titan received a $50 billion bailout of taxpayer dollars
to ensure they secure American jobs to aid in stabilizing the US economy.
They immediately gave $1 billion to Brazil.
As of late they have only paid back $4.7 billion.
Their market value is only $7 billion
so it is certain Americans may never see the full payment of the Bailout loan.

Senator Lamar Alexander (R-Tennessee) introduced the
Auto Stock for Every Taxpayer Act
which would require the government to distribute the stocks it has acquired
(60% of the new GM)
back into the hands of individual taxpayers ensuring the money ends back in the market.
But of course this bill has barely been recognized or discussed.
For more of the bailout bonanza, check out:
Bailout Tracker

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