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

ladyfingersearAnyone 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.

A working NBER paper, Estimating the Impact of Trade and Offshoring on American Workers Using the Current Population Surveys found a negative correlation between U.S. employment and offshore outsourcing to low wage countries. Below is a graph showing U.S. multinationals hiring overseas while firing the U.S. worker. God Bless America.


offshore outsourcing U.S. employment


From the White House itself, here is the list of so called deals that are going to turn India, our favorite job stealer, into some sort of savior of the U.S. worker:

  • Heavy Transport Aircraft:  The Boeing Company and the Indian Air Force have reached preliminary agreement on the purchase of 10 C-17 Globemaster III military transport aircraft, and are now in the process of finalizing the details of the sale. Once all have been delivered, the Indian Air Force will be the owner and operator of the largest fleet of C-17s outside of the United States.  Boeing, headquartered in Chicago, Illinois, is the aircraft manufacturer.  Boeing reports that each C-17 supports 650 suppliers across 44 U.S. states and that this order will support Boeing’s C-17 production facility in Long Beach, California, for an entire year.  This transaction is valued at approximately $4.1 billion, all of which is U.S. export content, supporting an estimated 22,160 jobs.
  • Engine Sale for the Light Combat AircraftOn October 1,the General Electric Company, headquartered in Fairfield, Connecticut, was declared the lowest bidder and selected to negotiate a contract to provide the Indian Aeronautical Development Agency with 107 F414 engines to be installed on the Tejas light combat aircraft.  Upon finalizing the contract, General Electric’s facility in Lynn, Massachusetts, and other sites across the United States will be positioned to export almost one billion dollars in high technology aerospace products.  This transaction is tentatively valued at approximately $822 million, all of which is U.S. export content, supporting an estimated 4,440 jobs. 
  • Commercial Aircraft SaleBoeing Company, headquartered in Chicago, Illinois, and SpiceJet, a leading private airline in India, concluded a definitive agreement for the sale of 30 B737-800 commercial aircraft.  SpiceJet currently operates 22 Boeing aircraft and has several 737 deliveries remaining from previous agreements.  This new agreement will enable SpiceJet to offer more domestic routes and to begin offering international flights to neighboring countries.  This transaction is valued at approximately $2.7 billion, based on catalogue prices, with an estimated $2.4 billion in U.S. export content, supporting an estimated 12,970 jobs.
  • Gas and Steam Turbine SaleThe General Electric Company, headquartered in Fairfield, Connecticut, was selected to supply six advanced class 9FA gas turbines and three steam turbines for the 2,500-megawatt Samalkot power plant expansion to be constructed by Reliance Power Ltd., a division of the Reliance Anil Dhirubhai Ambani Group, one of the largest conglomerates in India.  General Electric purchases equipment from 240 suppliers across the United States—an estimated 14 percent of which are small- and medium-sized enterprises—for every 9FA gas-fired turbine, which are assembled in Greenville, South Carolina.  The combined equipment and maintenance contracts are valued at approximately $750 million, with an estimated $491 million in U.S. export content, supporting an estimated 2,650 jobs.
  • Reliance Power and U.S. Ex-Im Bank AgreementReliance Power Ltd., the flagship company of the Reliance Anil Dhirubhai Ambani Group, and the Export – Import Bank of the United States announced a Memorandum of Understanding (MOU).  This MOU will indicate Ex-Im Bank’s willingness to provide up to $5 billion in financial support to Reliance Power for the purchase of U.S. goods and services to be used in the development of up to 8,000 megawatts of gas-fired electricity generating units and up to 900 megawatts of renewable (solar and wind) energy facilities.   
  • Diesel Locomotive Manufacturing VentureThe United States has worldwide leaders in diesel locomotive manufacturing, and the Indian Ministry of Railways announced the prequalification of the sole two bidders—GE Transportation (Erie, Pennsylvania) and Electro-Motive Diesel (LaGrange, Illinois)—for a venture to manufacture and supply of 1,000 diesel locomotives over 10 years.  The estimated U.S. content of this contract is expected to exceed $1B.
  • Motorcycle Assembly PlantHarley-Davidson Motor Company, headquartered in Milwaukee, Wisconsin, announced that preparations are underway to open a new plant in India for the assembly of Harley-Davidson motorcycles from U.S.-built “complete knock-down” kits.  This investment by the company entails job creation in both the United States and India, and it will allow the company to reduce the tariff burden on its motorcycles for sale in the Indian market, driving sales growth by making its motorcycles more accessible to Indian consumers. 
  • Sale of U.S. Mining Equipment and Related Support EquipmentOn October 21, the Export – Import Bank of the United States announced the approval of more than $900 million in export finance guarantees to Sasan Power Ltd., a subsidiary of Reliance Power Ltd., supporting the sale of U.S. mining equipment and services from Bucyrus International of South Milwaukee, Wisconsin, and other U.S. vendors, in association with the 3,960-megawatt coal-fired Sasan power plant in Madhya Pradesh, India.  This financial commitment supports $641 million in U.S. export content, supporting an estimated 3,460 jobs. 
  • Tunneling Equipment for Underground Water ChannelOn July 22,Robbins Company, headquartered in Solon, Ohio, announced an agreement with UNITY-IVRCL, a large infrastructure engineering and construction conglomerate, to provide tunnel-boring machines, conveyer equipment, and associated technical services for the construction of tunnels to convey water for the city of Mumbai.  Separately, through a contract signed in 2008 with Jaiprakash Associates, a large infrastructure conglomerate, the Robbins Company is already supplying high technology tunnel-boring machines and technical assistance to bore some of the longest underground tunnels in the world underneath a protected tiger sanctuary in Andhra Pradesh, which will increase irrigation for the production of cotton and other agricultural products.  The Mumbai contract alone is valued at $10 million, with $7 million in U.S. export content, supporting an estimated 35 jobs.
  • Maharashtra Homeland Security Pilot ProjectsPalantir Technologies, a small Silicon Valley software development firm, announced a strategic partnership agreement with the Maharashtra State Police, a law enforcement agency in India, to conduct a pilot program, whereby Palantir’s end-to-end analytical software platform will be used on a trial basis to identify and alert authorities to security threats in order to help keep the citizens of Mumbai and Maharashtra safe.
  • Medanta Duke Research Institute (MDRI)Duke Medicine, located in Durham, North Carolina, one of the leading academic health systems in the United States, and Medanta Medicity, located in Gurgaon, Haryana, a hospital and medical research complex, are announcing a joint venture agreement to launch the MDRI, a proof-of-concept clinical research facility within Medanta’s hospital.  Duke Medicine will provide scientific and operational leadership, while Medanta will contribute financial resources and clinical and operational services.  Duke Medicine also will be partnering with Jubilant Life Sciences, headquartered in Uttar Pradesh, to conduct research studies and co-develop promising discoveries, with significant funding and in-kind support provided by Jubilant.  Subsequent commercialization is expected to result in licensing revenue for Duke Medicine.
  • Long-range Antenna System for Rural TelecommunicationsSPX Communication Technology, a division of SPX Corporation operating out of Raymond, Maine, is in the final phase of the pilot deployment of its long-range antenna system with two leading Indian mobile operators.  This innovative technology has been shown to offer a significantly greater coverage area.  Once implemented, it is expected to create significant economies of scale, thereby improving the economic viability of rural wireless networks and making wireless communications available for people who either could not afford service or who live in areas that lack coverage.  The value of the initial trial equipment is expected to generate approximately $1 million, with 100 percent U.S. export content, supporting an estimated 5 jobs. 
  • Production Equipment for the Manufacture of Pre-fabricated HousingSpancrete Machinery Corporation, a family-owned business in Waukesha, Wisconsin, announced the sale of six sets of its hollow core, precast production equipment, including installation, training, and after-sales support, to Hindustan Prefab Limited, a state-owned company within the Indian Ministry of Housing and Poverty Alleviation.  The production equipment will be used to manufacture inexpensive, prefabricated housing on a mass scale in India.  Spancrete also is working with Somat Engineering, Inc., from Detroit, Michigan, and their affiliate, SP Infrastructure India Ltd., in New Delhi.  This transaction is valued at approximately $35 million, all of which is U.S. export content.  Based on the company’s estimates, the transaction will support 30 jobs.
  • Cell Phone Rollout for Small Indian BusinessesIntuit, a company headquartered in Mountain View, California, which serves millions of small businesses worldwide, will launch a new mobile and web-based marketing service in partnership with Nokia, called “Intuit GoConnect”.  This innovative technology will help Indian micro and small businesses grow and thrive by bringing customer management tools to the entrepreneur, improving the way they communicate with their customers in an increasingly mobile world. 

  • The Unique Identification ProjectL-1 Identity Solutions, headquartered in Stamford, Connecticut, and another U.S.-headquartered company, lead two of the three vendor consortia, which have been prequalified by the Unique Identity Authority of India for the first phase of an effort to register Indian residents with a 12-digit unique number using biometric identifiers.  Unprecedented in scale, seeking to register 1.2 billion Indian residents, the Unique Identification program aims to enhance delivery of government services in India. 
  • Sale of Precision Measurement Instruments for Fuel Cell ResearchAdvanced Materials Corporation (AMC), a small, six-person firm in Pittsburgh, Pennsylvania, received an order to supply a specially-designed Pressure-Composition Isotherm Measurement Instrument to the Banaras Hindu University (BHU) in Varanasi, India.  BHU will utilize AMC’s instrument to test fuel cell applications, as part of an Indian central government research program.
  • Trace Explosive Detection EquipmentImplant Sciences, a small company based in Wilmington, Massachusetts, signed a contract with the Ministry of Defence in January to supply its Quantum Sniffer H-150, trace detection devices to be used by the Indian Army to detect the presence of explosive, bomb-making materials that could be used in a terrorist attack.  The company announced that the equipment will be ready for pre-dispatch inspection and delivery in November.  The transaction is valued at approximately $6 million, all of which is U.S. export content, supporting an estimated 30 jobs. 
  • VIP Helicopter SaleOn August 25,Bell Helicopter, based in Hurst, Texas, signed a purchase agreement with Span Air, a private air charter company, for the sale of its first Bell Model 429 corporate VIP helicopter in India.  Span Air has a second order slated for delivery in mid-2011.  Bell Helicopter recently sold its 100th helicopter in India. 
  • Sales of Pre-owned Refurbished Healthcare EquipmentSkelley Medical, a rural New Hampshire-based company, sells refurbished medical equipment to Indian hospitals in second and third tier cities through partnerships with various distributors in India.  Skelley announced plans to open an after-sales service facility in Mumbai as part of a new venture with Triage Systems, a Mumbai-based Indian medical equipment distributor.  This facility will service medical equipment purchased by their Indian hospital customers. 
  • Monitoring Equipment for Greening BuildingsNoveda Technologies, a small start-up company in Branchburg, New Jersey, is finalizing a new venture with Chennai-based Wysine Technology to jointly develop and market a new solution for web-based, real-time energy monitoring for “greening” buildings. 
  • Dredges for Maharashtra Maritime BoardEllicott Dredges, a small company based in Baltimore, Maryland, announced the sale of two cutter suction dredges to the Maharashtra Maritime Board, a Maharashtra government entity.  The equipment will be utilized to dredge a fisherman’s port and various tributaries in the state of Maharashtra. 

I suggest reading these carefully. Notice how many are joint ventures. That means expansion is in India, that means jobs in India, not necessarily the United States. Notice Duke University is a notorious promoter of offshore outsourcing and that deal is basically offshore outsourcing clinical research to India. Observe how Harley-Davidson is offshore outsourcing manufacturing to India by building a new plant there.

Now here is the White House claim:

On the margins of the President’s trip, trade transactions were announced or showcased, exceeding $14.9 billion in total value with $9.5 billion in U.S. export content, supporting an estimated 53,670 U.S. jobs.

Now, how exactly is that claim of 53,670 jobs calculated? The White House doesn't say. You can bet that's not a direct count of real jobs but some serious economic fiction spin (otherwise known as manipulating some mathematical models to spit out numbers per your desired conclusion). Did you know that there are a host of Economic fiction papers claiming offshore outsourcing is Good for America? That somehow it creates jobs? Gee wiz, we must all be rich by now for America has been busying offshore outsourcing any job not nailed down!

Seriously, anyone in the real world, believe that? Even with some serious statistical cherry picking and mathematical equation manipulation?

Let's look at some statistics. Below is the quarterly trade deficit with India. The below graph is not annualized, in order to show the increase for 2010. To date, the current trade deficit with India is over -7,013,000,000 dollars, not adjusted for price indexes.




Next is a breakdown of the U.S. net deficit in Computer related services from the BEA Business, professional, and technical services statistics for 2009. Bear in mind this is when the United States was losing 500,000-700,000 jobs a month.




That's right, at the same time the U.S. worker is being cast aside in record numbers, the Indian offshore outsourcing industry was raining jobs. The United States has over 20 million people with a Bachelor's degree or better in the above technical areas, so we have the education, the experience, the talent and the ability. What we do not have is the jobs. Again, straight from the Horse's mouth, here are some statistics on India's offshore outsourcing job poaching biz:

India is the leading country for offshore outsourcing. The offshore outsourcing industry started in India and it has be able to grow the IT and BPO export sector to $47 billion and capture more than half the offshore outsourcing industry. That is not to say that India does not have challenges or is the best location for every offshore outsourcing effort, but it has an unparalleled history and size.

The Americas and Europe are the largest customers for the Indian outsourcing industry and account for 60% and 31% respectively of IT and BPO exports. The largest vertical sectors are financial services (41%), high-tech/ telecom (20%), manufacturing (17%) and retail (8%). In 2009 the IT and BPO export industries employed about 2.2 million people.

So why would Obama say something so offensive to so many American workers who have lost their jobs, their careers, their homes to offshore outsourcing? Because GE and other multinational corporations are claiming they will take care of the public relations spin on offshore outsourcing if only India will buy more of their products. All of these U.S. companies manufacture overseas and have divisions in India.



Watch Obama Crucify American Workers in India on Ed Show

Ed Schultz got in Obama's face for a change. He had sound clips
of Obama defending and justifying outsourcing to India. The comments duing the campaing on the "bitter" little folks were all prescient. Obama is the chief of the Money Party.


Burton Leed

about time, Schultz and MSNBC generally

Is an amazing noise machine, just like FAUX news. I was hoping they would keep Olbermann of the air. Schultz has been a true blue stooge for the Democrats to the point when I knew it was pure corporate lobbyists I had to turn off his show.

Ratigan on the other hand is a little more factual, although sometimes he doesn't have the facts which gives a not so great segment, but he's at least looking for them.

Most of the press just spun this story like no tomorrow. Why I listed the actual deals...they are doing headline buzz and not looking into any of the details. Even in the White House press release you can see many of these are pure labor arbitrage and going to create jobs in India...

Another point is Harley Davidson. They SHOULD be demanding India lower their tariffs on motorcycles against the U.S. That way this company would not have to open a plant in India in order to sell them motorcycles...

but that's precisely what China has done as well....so one can see, TARIFFS WORK! Companies will create jobs in a country they want to sell too if the TARIFFS are too high for them to import and make a buck.

Just insane to allow tariffs like that in other countries all the while claiming America is for "free trade". That's not free trade, that's one way economic disaster for the United States.

Just so you all know I turn off most of the talking heads, Anderson Cooper also just kind of whines at the TV screen.

I mean you can tell this is media manipulation. They'll pick something, say "O'Donnell is a witch" Tea party story and beat the drum on that 24/7 instead of....
uh, Financial reform did nothing on derivatives, the real cause of the Financial crisis....

Such a noise machine and they always pick topics that are inconsequential in reality.

Anyone else notice Soledad O'Brian on CNN's great political analysis was always about "open borders", i.e. "Comprehensive Immigration Reform"....she had no insight, no analysis of real exit polls across the nation....just out there trying to spin for her own political agenda...

I mean come on, that's just as bad as Bill O'Reilly or whoever.

That's odd...

...I listen to Schulz on my Internet radio and he has been foaming at the mouth about what a corporatist sellout Obama and his Dem cronies are and have been.

The interesting thing here, aside from the scumbag O'Blather, is that broadcast radio, TeeBee 'news' and Internet 'news' are all slightly different in content. The Internet appears to be slightly more 'progressive'.

Here on the real Internet one can find more accurate and factual analysis.

'When you see a rattlesnake poised to strike, you do not wait until he has struck to crush him.'

I wouldn't say that on the Internets

Myself, I spend hours and hours trying to check statistics for inclusion on this site. I've seen fiction from the left and the right on a host of issues.

Right now I think we have "bi-partisan" fiction in that as usual, the thing being attacked are social safety nets on the budget....
that's the constant.

I like Ed, but this was during "Obamacare" that I turned off the tube, so I might have missed something.

I'd say overall, the most amusing thing is CNN claiming to represent the center. From what I can see they usually represent some lobbyist position and try to claim that's "the center".

Where's the Outrage?

Thank you for your indignation -- and for a complete rundown of this situation, which was nothing to brag about.

I was just as surprised and dismayed by Obama's comments as you were.

I assumed this would be getting big media play but it hasn't. The ridiculous number of jobs created claimed should have been questioned to, but I haven't seen that either. You'd think the Republicans would go after this for anti-Obama purposes but I guess they couldn't be bothered. Praising outsourcing and cooking jobs numbers are not important enough to them.

There's nothing that India can buy from us that can equal the devastating loss of jobs. Plus the more offshoring there is, the more there will be, because managers will become trained to look overseas for work to be done instead of home.

Stupid, Stupid, Stupid, Obama.

Stupid, Stupid, Stupid us.

When are we going to get anybody in government who is on the American workers' side?

Thanks for all te work you do, I really lov your blog. I'm with you on immigration and outsourcing, it's nice to hear from peole who are not Republcians (I'm a moderate Democrat) on these topics.

Spread this story if you want to demand the outrage

There are share buttons and you can mention it in the comments of other sites. I literally watched an AP story with this headline of "not poacher of U.S. jobs" disappear and was replaced with some mealy mouthed "report" that read like a political consultant wrote it.

It's clear corporations, NASSCOM, lobbyists and the White House do not want any facts coming out or even the real details of these "deals" frankly.

Getting good statistics on outsourcing is very tough and to make matters worse, we clearly have "some" economists writing fictional spin in some sort of massive denial this isn't hurting the U.S. worker and the U.S. economy.

I managed to pull out a few direct statistics and will write more, but the bottom line is we needing real action on global labor arbitrage the minute Democrats took control of government and they didn't do a damn thing.

Now we have these people rambling on about tax cuts to the rich, when we have a major emergency going on and that's jobs.

They could literally pull the state, local and federal offshore outsourcing contracts (do you know they offshore outsourcing food stamp phone support?) and have magically a host of immediate jobs. We're already paying for that with U.S. taxpayer dollars....going overseas.....to give those in India jobs.

Lou Dobbs Back on TV

Lou Dobbs just signed a contract with FAUX business channel. That channel isn't often picked up by the basic package, so not sure how much of an audience Lou will get.

Also, most interesting, believe this or not, all you Dobbs haters, he has railed on trade, offshore outsourcing and believes in that socialist universal health care. So, is Fox going to muzzle him on all of those (yes it's true), liberal opinions.

I like Lou because he covered the above topics and also a strong advocate for U.S. professionals, tech workers. No one covers those stories! Before he got muzzled at CNN, he also had on a host of economists who are also muzzled for not speaking the party, that being the corporate party, bottom line, including Krugman, Stiglitz.

Unfortunately the open borders lobby targeted him for those make me personally cringe illegal immigrant rants, although bottom line, they don't like anyone who isn't for their agenda.

So, love him, hate him, indifferent, I wonder if U.S. professional workers, esp. techies are going to get any press again considering the FAUX corporate muzzle.

Offshoring is a symptom, not the cause

The informstion provided is interesting, but confuses the mechanism with the cause.

The cause is high labor costs - which in turn is caused by high property prices, which again in turn are the result of decades of bankster interference.

Its all about FIRE folks - Finance, Insurance, and Real Estate.

Obama - as a populist figurehead - has clearly passed on every single opportunity to rein in these interests. Instead he's continuing to unsubtly support his corporate sponsors.

But then again, his race is irrelevant. The real issue is his age.

An older person would not care as much about money as his/her legacy.

Obama on the other hand would be throwing away 3 or more decades of corporate speaking engagements, consulting positions, and what not by acting in some way for the benefit of the American people and American nation.

Seen in this light, it is only surprising that he hasn't been MORE corporatist.

Then again, is that possible?

offshore outsourcing labor costs

Sorry I don't have the links but China is only 10% labor costs as the motivation to manufacture. In India, there have been numerous studies which show offshore outsourcing is a net loss on cost savings, not a gain as "expected".

There are other forces at play here. For example, finance, they can make huge money by investing in EEs and manipulating global interest rates. Then, China requires manufacturers build in China, sometimes with state partner enterprises but these nation's tariffs schedules and that's just straight up tariffs, not even getting to currency manipulation and their use of VATs make it cost prohibitive to import.

So, it's not a matter of labor costs and it is especially not a matter of wage repression in the U.S. and has much more to do with national policies, big finance and their "investments", returns, currency manipulation and trading away U.S. jobs for some "foreign policy" agenda too.

I think it's also pure "who you know". NASSCOM, India BPO have made incredible headway into our political system and gaining access. Not a good thing.

Offshoring vs Immigration

Would massive increases in the number of H-1B visas we issue help slow the pace of offshoring? It seems better to pay low wages to workers in this country, even if those workers have bee imported than to send the jobs overseas. At least we get the benefit of tax receipts and OASDI receipts. What say you?

Better to win race to bottom?

"It seems better to pay low wages to workers in this country, even if those workers have bee imported than to send the jobs overseas." -- BDaddy

Depends on whether you are paying the low wages or trying to live on them. Also depends on whether you plan to sell products and services in this country or in your community, or not.


H-1B, L-1 and immigration are used TO offshore outsource, esp. in knowledge transfer. That's why they want them so badly. It isn't an either/or scenario, they need to curtail both and put U.S. workers first. It's been proved not only in research but also straight out of NASSCOM those Visas are used to offshore outsource projects, transfer knowledge and even obtain training from U.S. workers.


i assume by these comments that you're all Ron Paul fans.

Nothing wrong with that

There isn't anything wrong with that is there? That would be real change and not the fiction of change we get from the Dems and Reps. Would it not be an odd thing, a real change, to see an audit done on the FRB. Instead of the usual hide the (who got the bailout money) football routine we get --- would be a change. Ending wasteful government policies would be a change would it not? Bringing troops back from around the world would be a change right? Closing useless government agencies would be a change and could allow us to see what does and doesn't work.

Or do you believe in the hit job that the Dems and Reps did on him last election?

Yep it would be a change but one that we will never see in this country ....at least not in my lifetime.

Americans are just not motivated to get skills employers need!!

Though it is true that there are millions of college graduates working as waiters and waitresses (my sister being one of them), most have degrees and experience which are not valuable to current employers. Further, Monster.com has reported that there are 3 to 4 million job postings which are not getting filled. These corporations are going to have to go overseas to offshore the work. They have no choice. I own a company which does does highly skilled systems integration, and I've explored those options myself. But that's only part of the story. The other part of the story is that Americans have this idea in their head that someone will give them a job doing what "they" want to do. For Americans, it's all about "us" and not the value that we need to bring to corporations. Further, immigrants are 4 times more likely to start successful businesses. They are just hungrier and more entrepreneurial than Americans. The data bares this out. Until this changes, underemployment of these individuals will continue, until the pain becomes so great that people, like my sister, decide, "you know what, I'm not cut out to be a child psychologist, I'm going to have to settle for a corporate job in HR (a job that I COULD have gotten her if she would have taken it instead of the waitress job). Anyways, I digress. But there are many, many more angles to this problem.

that's bullshit

employers are being too absurd. I could find systems integration in 2 seconds without even trying. Probably is you're just trying to justify offshore outsourcing and feel quickly about it.

This crap about "immigrants" is faulty data. It's people who came here at age 2, that isn't exactly an "immigrant", as claimed. It's propaganda for more offshore outsourcing and more foreign guest workers and other desired cheap labor devices.

Give me a break, we have a JOBS crisis, not a worker crisis in this country.

Companies ruined or almost ruined by imported Indian labor

Adaptec - Indian CEO Subramanian Sundaresh fired.
AIG (signed outsourcing deal in 2007 in Europe with Accenture Indian frauds, collapsed in 2009)
AirBus (Qantas plane plunged 650 feet injuring passengers when its computer system written by India disengaged the auto-pilot).
Apple - R&D CLOSED in India in 2006.
Australia's National Australia Bank (Outsourced jobs to India in 2007, nationwide ATM and account failure in late 2010).
Bell Labs (Arun Netravalli took over, closed, turned into a shopping mall)
Boeing Dreamliner ES software (written by HCL, banned by FAA)
Bristol-Myers-Squibb (Trade Secrets and documents stolen in U.S. by Indian national guest worker)
Caymas - Startup run by Indian CEO, French director of dev, Chinese tech lead. Closed after 5 years of sucking VC out of America.
Caterpillar misses earnings a mere 4 months after outsourcing to India, Inc.
Circuit City - Outsourced all IT to Indian-run IBM and went bankrupt shortly thereafter.
ComAir crew system run by 100% Indian IT workers caused the 12/25/05 U.S. airport shutdown when they used a short int instead of a long int
Deloitte - 2010 - this Indian-packed consulting company is being sued under RICO fraud charges by Marin Country, California for a failed solution.
Dell - call center (closed in India)
Delta call centers (closed in India)
Fannie Mae - Hired large numbers of Indians, had to be bailed out. Indian logic bomb creator found guilty.
GM - Was booming in 2006, signed $300 million outsourcing deal with Wipro that same year, went bankrupt 3 years later
HP - Got out of the PC hardware business in 2011 and can't compete with Apple's tablets. HP was taken over by Indians and Chinese in 2001. So much for 'Asian' talent!
HSBC ATMs (software taken over by Indians, failed in 2006)
Intel Whitefield processor project (cancelled, Indian staff canned)
Lehman (Spectramind software bought by Wipro, ruined, trashed by Indian programmers)
Medicare - Defrauded by Indian national doctor Arun Sharma & wife in the U.S.
Microsoft - Employs over 35,000 H-1Bs. Stock used to be $100. Today it's lucky to be over $25. Not to mention that Vista thing.
MIT Media Lab Asia (canceled)
MyNines - A startup founded and run by Indian national Apar Kothari went belly up after throwing millions of America's VC $ down the drain.
PeopleSoft (Taken over by Indians in 2000, collapsed).
PepsiCo - Slides from #1 to #3 during Indian CEO Indra Nooyi' watch.
Polycom - Former senior executive Sunil Bhalla charged with insider trading.
Qantas - See AirBus above
Quark (Alukah Kamar CEO, fired, lost 60% of its customers to Adobe because Indian-written QuarkExpress 6 was a failure)
Rolls Royce (Sent aircraft engine work to India in 2006, engines delayed for Boeing 787, and failed on at least 2 Quantas planes in 2010, cost Rolls $500m).
SAP - Same as Deloitte above in 2010.
Singapore airlines (IT functions taken over in 2009 by TCS, website trashed in August, 2011)
Skype (Madhu Yarlagadda fired)
State of Indiana $867 million FAILED IBM project, IBM being sued
State of Texas failed IBM project.
Sun Micro (Taken over by Indian and Chinese workers in 2001, collapsed, had to be sold off to Oracle).
UK's NHS outsourced numerous jobs including health records to India in mid-2000 resulting in $26 billion over budget.
Union Bank of California - Cancelled Finacle project run by India's InfoSys in 2011.
United - call center (closed in India)
Victorian Order of Nurses, Canada (Payroll system screwed up by SAP/IBM in mid-2011)
Virgin Atlantic (software written in India caused cloud IT failure)
World Bank (Indian fraudsters BANNED for 3 years because they stole data).

I could post the whole list here but I don't want to crash any servers.

Illegal usage of H1B's

I have been selling IT services in the SAP space for 13 years. I have watched as I give away 80-90% of the jobs to H1B's instead of Americans. Where are all the Americans and why don't they get some training in SAP skills so I can use them. These are high paying contractor and full-time jobs for the majority of the Fortune 1000. On the flip side Indians will lie cheat, steal and fabricate their resumes to just try and get ahead. They muck up the industry and give it a bad name for the good Indian resources.
The biggest fraud that is being put on the American IT industry and workers is the usage of H1B's and temporary IT visa workers coming over on L1's and being put to work on USA projects. These workers are not paid a fair comparable USA based rate and thus compete unfairly against US based IT service providers who do not have access to the low cost unfairly priced Indian labor. The last part of the equation is now the Indians have decision makers in high positions within the US companies and close the loop on US based IT providers as they give the jobs to their buddies at Wipro, TCS and Infosys. Wake up America before it's too late. Use your own USA based companies to fill your jobs. Keep the money in America and not funneled off to India along with all the jobs.