One topic no one mentions in the Detroit Bailout controversy is all the offshoring that has been, and still continues, in the auto industry.  GM just announced new plants in Brazil, Russia and India, coinciding with plant closings in America.
 
Guess where the bailout money will go?

The Great Stock Market Heist of 2008

Here is how it went down:

OPIC is the Overseas Private Investment Corporation, a bureau of the US Treasury Department, which provides capital and risk insurance to companies who need help from the taxpayer to move their operations to foreign countries and avoid paying US taxes and sidestep US labor and environmental laws.

Freetrade.org assessment

Tuesday April 8, DHS CIS (Citizenship and Immigration Services) issued a Final Interim Rule to extend F-1 foreign student OPT time limits to 29 months without public comment and without Congressional review. Public comment was requested, after enactment, as a slap in the face. CIS has grown accustomed to re-writing immigration law without due process - last year an additional 20,000 H-1B visas were handed out in this manner.

Here is my comment in the Federal Register.

DHS CIS F-1 OPT Final Interim Rule (.pdf)

April 9, 2008

Dana Rothrock comments on:

DEPARTMENT OF HOMELAND SECURITY
8 CFR Part 214

DHS NO. ICEB-2008-0002

ICE NO. 2124-08 RIN 1653-AA56

AGENCY: U.S. Immigration and Customs Enforcement, U.S. Citizenship and Immigration Services; DHS.

ACTION: Interim final rule with request for comments.

This is my second story about OPIC – OVERSEAS PRIVATE INVESTMENT CORPORATION – a Department of the United States Treasury. This one is based on the OPIC 2006 Annual Report. It contrasts my earlier report on OPIC 1999. Robert Mosbacher, Jr., CEO of Mosbacher Petroleum, is the new CEO of OPIC. Mosbacher Petroleum was skimming money off ENRON back in the 80’s. OPIC was giving money directly to the oil companies. Now banks are skimming money off the U.S. Treasury and lending it to the oil companies. From the OPIC Handbook 2006, p.8, US Economic Contribution,

We have all heard of the Export / Import Bank (EXIM). We have heard of vague references to trade manipulation, balance of payments, debtor nations, World Bank, World Trade Organization (WTO), violent protests around the world, including Seattle (who were those people?), etc. Few have heard of OPIC. Overseas Private Investment Corporation is a department of the United States Treasury. Immediately you may wonder why “Private” and United States are associated in the same sentence. I was curious. It’s exactly what you think. Our tax dollars are going to multi-national companies to finance and indemnify their operations in foreign countries. Hundreds of billions of dollars are going to Boeing, General Electric, ENRON, Shell, Exxon, BP, Microsoft, ..... to finance and insure the exportation of American jobs to other nations. http://www.opic.gov/ 1999

Export – Import Bank The following statistics were taken from the 2002 Annual Report of the U.S. Export – Import (EXIM) Bank, an agency of the U.S. Treasury. Loans and Long-Term Guarantees