2.28.2009

Putting America first

It seems finance capital wishes to turn America's federal government into one big rent extraction mechanism:

As hundreds of billions of taxpayer dollars flow into rickety U.S. banks, public outrage has followed revelations that executives planned to spend the money on Vegas getaways, $35,000 toilets, and fat bonuses.

Less attention has been paid to how these bailed-out banks are driving down tech workers' wages — and stoking anti-immigrant hostilities — while laying off tens of thousands of workers.

Banks that took public money sought about 4,200 visas for skilled workers from abroad in the 2008 fiscal year, according to an Associated Press investigation.

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