Home > Uncategorized > Economic Populist – Obama, Say What? India Creates American Jobs, Are you Kiddin’ Me?

Economic Populist – Obama, Say What? India Creates American Jobs, Are you Kiddin’ Me?

From the Economic Populist:

Obama, Say What? India Creates American Jobs, Are you Kiddin’ Me?

Submitted by Robert Oak on Wed, 11/10/2010 – 02:47

Anyone else wondering how a President, who just received a red tidal wave that was a protest vote can run off to Asia and declare India as a creator, not a poacher of U.S. jobs?

Maybe it’s because he has the queen of offshore outsourcing, Diana Farrell on his National Economics Council. Regardless, President Obama is wrong. India is indeed a poacher of U.S. jobs. How else do you think their offshore outsourcing industry is $50 billion a year, with 60% of that coming from the U.S. representing 1.32 million U.S. jobs lost.

Right now we have 17 million college graduates working as waitresses and sales clerks. We just saw in this 60 Minutes report PhDs, Masters degrees, people with advanced skills, grateful to get a part-time job at Target. We have 11 U.S. industries not employing Americans, U.S. workers, but where most workers are offshore or brought in as cheap labor.

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