Sunday, June 21, 2009

A Hidden Provision in TARP

·

I'm about 6 weeks behind on the Economist right now (hey, I'm a busy guy) and I was catching up over the weekend. I was shocked when I read this line in this April 30th article about job recruitment:

A provision in the Troubled Asset Relief Programme requires companies that receive government funds to hire Americans before foreigners.

Why do we do this to ourselves? This idea that there will be a limited amount of highly skilled jobs going forward just isn't based in reality. We need to attract top tier talent to the US and turning away people who want to be here just isn't smart policy.

Isn't it great how provisions like this just "sneak" in to major legislation?

0 comments:

Post a Comment

Our Deal

The markets are crashing, thousands of people are losing their jobs and the government keeps funneling money into broken banks. This little blog will help explain why this is happening and how we fix it.

I'd like to preface this experiment with a contract between myself and my readers. My promise to you is that I will be civil, non-ideological, well researched and honest. In return, I only ask that you think.

Send questions to: ouremptywallets@gmail.com

Quick Search

Recent Comments