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Economy downturn? Thank the Clintons for their corrupt links to the outsourcing industry

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zulchzulu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:05 PM
Original message
Economy downturn? Thank the Clintons for their corrupt links to the outsourcing industry
Edited on Sat Feb-02-08 12:06 PM by zulchzulu
Most people who have been doing their homework know the Clintons are responsible for passing disastrous legislation like NAFTA, China free trade deals, Vietnam free trade deals, GATT, the monopolization of our media with the Telecommunications Act, the complete failures of stopping the greed with the healthcare insurance industry and even the homophobic appeasement with the so-called Defense of Marriage Act at a time when Bill Clinton was cheating on his wife in the White House.

What people also need to be reminded of is how the Clintons have not only said that job outsourcing is something that can't be stopped, they have made lots of money selling out the American worker by taking sides with the outsourcing factions. Here's a picture that the Clintons would not want you to know about:

2006: Bill Clinton Invested Tens of Thousands In An Indian Bill Payment Company
According to Hillary Clinton’s personal financial disclosure form, as part his ownership of WJC Investments, LP LLC, Bill Clinton held between $15,001 and $50,000 worth of stock in Easy Bill Limited, an Indian company. According to the company’s website, “Functioning as a one-stop bill payment shop, Easy Bill facilitates payment of utility bills as well as recharging of pre-paid mobile connections at a place the consumer is already familiar and comfortable with the neighbourhood store.” In addition to providing terminals throughout India where customers may pay their bills, the company also maintains a call center described as “a dedicated response centre for efficient customer service.”
Hillary Clinton 2006 Financial Disclosure Report, http://www.easybillindia.com /

2006: Bill Clinton Collected $300,000 From Cisco In 2006
Hillary’s personal financial disclosure forms indicate that Bill Clinton gave two speeches to Cisco Systems, each for $150,000 on 5/18/06 and 8/17/06.
(Hillary Clinton 2006 Financial Disclosure Report; 3,4)

Hillary Clinton Accepted Almost $60,000 In Contributions From Employees Of Cisco Systems, Which Laid Off American Workers to Hire Indian “Techies.”
Clinton’s Presidential Exploratory Committee took $39,450 from Cisco employees during the first quarter of 2007. Cisco employees have also donated $18,900 to Clinton’s Senate committee between 1999 and 2006. Forbes reported, in a feature called “A Tale of Two Cities” that Cisco was laying off $60,000-a-year “techies,” while hiring new employees in Bangalore, India. “Cisco used only a few Infosys workers in Bangalore six years ago (in 1998); (by 2004, it used) almost 300 contract staff, plus 550 full-fledged employees in its own Bangalore office.” In 2006, Newsweek reported that “for Cisco, India is the new frontier, where it’s investing $1.2 billion to build a gleaming R&D campus that will employ 3,000 people.”
(FEC filings; Forbes, 4/12/04; Newsweek, 3/6/06)

Clinton Donor, Sant Singh Chatwal, Cited Clinton’s India Caucus Work Vowed To Raise $5 Million
In March 2007, the Economic Times wrote, “(Clinton) has roped in New York-based hotelier Sant Chatwal as co-chair of her recently formed presidential exploratory committee to run for the 2008 White House race. (…) He is also creating an organization called Indian Americans for Hillary 2008.”

In April 2007, Mangalorean reported that Indian Americans for Hillary 2008 (IAFH) had already raised $1 million and “aimed to raise at least five million dollars.”
A major fund raiser on June 24 hosted by Chatwal, the founder of IAFH; steel baron, Lakshmi Mittal, and businessman SP Hindujas, was expected to pull more than 1,000 guests. In June 2007, The New York Times reported that “two Indo-American receptions have a total of $450,000 in commitments.”

Chatwal Owed The City Of New York More Than $2 Million In Back Taxes, Fled Prosecution For Fraud But Was Arrested During Visit to India With Bill Clinton.
Sant Singh Chatwal, who raised more $200,000 for Sen. Clinton in 2000, owed New York City $2.4 million in back property taxes. In addition, during a visit to India with Bill Clinton, in May 2001, Chatwal was arrested by authorities there and charged with defrauding the New York City branch of the Bank of India out of $9 million he borrowed in 1994. He posted bail, then fled India, boarding a flight to Vienna despite an attempt by authorities to detain him. .
(New York Daily News, 11/24/02; New York Daily News, 11/7/00)

FDIC Charged Chatwal With Obtaining Improper Loans
In a separate 1996 case, the Federal Deposit Insurance Corp. charged Chatwal with obtaining improper loans from the First New York Bank for Business, causing the bank to lose more than $25 million. Chatwal, who was a director of the bank, arranged more than $14 million in loans to himself and his businesses, often with no collateral, said the FDIC. He didn't repay the loans and the bank failed.
(New York Daily News, 11/24/02; New York Daily News, 11/7/00)

Clinton Co-Founded The Senate India Caucus, A Project Of The U.S. India Political Action Committee
In 2004, Clinton co-founded and became the co-chair of the Senate India Caucus which was coordinated by the U.S. India Political Action Committee (USINPAC). Roll Call reported, “The goals of the caucus, which already has 31 members, include increasing trade with India and improving security against global terrorism.” Sen. Clinton said, “It is imperative that the Unites States do everything possible to reach out to India. This Caucus is dedicated to expanding areas of agreement with India and engaging in a candid dialogue of differences.” (Roll Call, 4/28/04; PR Newswire, 4/29/04)

2005: Anti-Offshoring Advocacy Group Gave Sen. Clinton A “Weasel Award,” Citing Pro-Outsourcing Comments Clinton Made In India
The Press Trust of India wrote, “An American anti-offshoring advocacy group has awarded its first ‘Weasel Award of 2005’ to Democrat Senator Hillary Clinton for her recent remarks supporting outsourcing. The Delaware-based IT Professionals Association of America (ITPAA) representing over 1,200 IT professionals nationwide, said on its Web site that it presented this award to business and political leaders that it believes ‘betray the trust of the American people.’

Scott Kirwin, founder of the organization claimed that people were ‘tired of Democrats pretending they care about the problems facing average Americans. Senator Clinton’s actions prove they clearly do not.’ The ITPAA based its award on press reports of Hilary Clinton supporting outsourcing and assuring political and business leaders in India that the US would not attempt to save the jobs lost. ‘

"Outsourcing will continue. There is no way to legislate against reality. We are not in favor of putting up fences."
Hillary had said on Feb 28 in India, according to a report by the Asia Times. Kirwin also cited her position as co-chair of the ‘Friends of India Caucus’ in the Senate, a group of senators that supports issues important to India, including outsourcing and H-1B and L-1 visas, as another reason behind the ITPAA's decision to give the award to the prospective Democrat presidential nominee.”
(Press Trust Of India, 3/5/05; Link To Weasel Award)

2/05: On India Trip, Clinton Allayed India’s Fears That Outsourcing Would End
The India Review wrote, “Senator Clinton allayed apprehensions in India that there would be a bar on outsourcing. ‘There is no way to legislate against reality. Outsourcing will continue,” she said. (India Review, 4/05, accessed, 6/7/07)

Sen. Clinton (D-Punjab) Joked That She Was Senator From The Punjab Region In India
“At the fundraiser hosted by Dr Rajwant Singh at his Potomac, Maryland, home, and which raised nearly $50,000 for her re-election campaign, Clinton began by joking that, ‘'I can certainly run for the Senate seat in Punjab and win easily,’ after being introduced by Singh as the Senator not only from New York but also Punjab.”
(India Abroad, 3/17/06)

Clinton Says “Outsourcing Does Work Both Ways.”
Crain’s New York Business wrote, “Mrs. Clinton may be motivated by a desire to uphold the free trade legacy of the Clinton years. (…) In an appearance on CNN’s Lou Dobbs Tonight, she boasted about attracting 10 jobs to New York from India-based Tata Consulting. When Mr. Dobbs inquired if she had understood the degree to which Tata, which helps U.S. companies outsource, was stealing American jobs, Mrs. Clinton rejoined: ‘They’ve actually brought jobs to Buffalo. Outsourcing does work both ways.’” (Crain’s New York Business, 6/21/04; CNN, 3/3/04)

In An Interview With Lou Dobbs, Senator Clinton Defended Her Support Of Tata Consulting, A Company That Brought Ten Jobs To Native Buffalo Residents But Destroyed Thousands Of Jobs Over The Years.
Lou Dobbs asked Clinton, “Senator, a number of people pointed out to us, e-mailing us and calling us, saying, ask the senator about her helping Tata Consulting, a well-known outsourcer, open jobs --and office in Buffalo, New York. I’m asking you, did you really understand the degree to which they were involved in outsourcing jobs when you were there?” Clinton replied, “Well, of course I know that they outsource jobs, that they’ve actually brought jobs to Buffalo. They’ve created 10 jobs in Buffalo and have told me and the Buffalo community that they intend to be a source of new jobs in the area, because, you know, outsourcing does work both ways.” (CNN, 3/3/04)

Tata Consultancy Services (TCS) Is Famous For Pioneering The Business Practice Of Off-shoring
The San Jose Mercury News wrote, “TCS, however, will go down in the annals of offshoring as the original high-tech body shop. Starting in the early 1990s, TCS blanketed the American landscape with legions of itinerant software programmers from India. (…) Tata pioneered an industry that eventually evolved into the dynamo of offshoring, or sending work to cheap labor markets overseas. (…) Tata’s methods have not been popular among U.S. technology workers, however, who complain guest workers suppress local wages and offshoring takes good jobs overseas.”
(San Jose Mercury News, 12/6/04)

Tata’s Buffalo, N.Y. Training Center Caters To The Needs Of The Company’s 8,000 Employees In The United States, 80 Percent Of Whom Are Workers From India
India Abroad wrote, “At the Chrysalis Center TCS will host new employees in month-long training sessions to make them aware of the company’s history and culture and to hone their core IT skills that will bridge existing knowledge with advanced skills necessary to work on innovative projects for customers.” The center will also cater to the training needs of the more than 8,000 TCS employees across the US, 80 percent of whom are from India, according to Buffalo News.
(India Abroad, 7/30/04; Buffalo News, 7/20/04)

Gupta Said Democrats’ Stand On Outsourcing Was Poll-Year Rhetoric
The Economic Times wrote, “Vinod ‘Vin’ Gupta (…) also believes that the Democratic Party’s stand on outsourcing is more poll year rhetoric than any serious economic policy statement. ‘We have to compete globally and US has to find the best product and services at the best cost. Tapping global resources will obviously make the US economy stronger,’ says Gupta whose own company InfoUSA outsources both technology support and database work to vendors in India. Gupta, who has helped Hillary Clinton and Al Gore in fund-raising efforts for their campaigns, is now involved in fund raising efforts for Senator Kerry.”
(The Economic Times, 3/29/04)


If the Hillaryworld people want to talk about Rezko that Patrick Fitzgerald (who is investigating the case) has stated several times that Obama has done no wrongdoing, it would certainly not be in their interest to let out the floodgates of scandals that the Clintons have. But since it seems to be something the Hillaryworld people want to do, it is indeed time to let people know just what the Clintons are all about. It isn't pretty.

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Prefer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:07 PM
Response to Original message
1. Americans don' have the skills to do these jobs
it's all OUR fault!

Thats why wages are down - shortage of supply = lower prices.

Get it?
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:14 PM
Response to Reply #1
6. No, I don't get it.
I'm sober right now.

Give me about 20 minutes...
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Didereaux Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:23 PM
Response to Reply #1
8. heheh you forgot to mention...
that the shortage of qualified Americans is mainly due to 30 years of neglected education (can we say Reagan years cuts?), and republican Congress since '94.

The lack of quality education can be demonstrated fully, by a short perusal of DU posts.

...in other words your spot on. ;(
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zulchzulu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:13 PM
Response to Reply #8
11. His spot is on?
Edited on Sat Feb-02-08 08:14 PM by zulchzulu
"..in other words your spot on."

Clinton fans and their spots...

:rofl:

You probably don't even get what I'm pointing out...

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zulchzulu Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:12 PM
Response to Reply #1
10. Yeah, no Americans do IT or programming or customer support...yeah...that's the ticket...
Edited on Sat Feb-02-08 08:15 PM by zulchzulu
Are you out of your mind?

I'm guessing you think that colleges don't have computer science departments, right?



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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:09 PM
Response to Original message
2. Stand & take a bow! Best "Blame Clinton for the last 8 years" we've
seen this morning! You put the weekly standard to shame!
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UALRBSofL Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:18 PM
Response to Reply #2
7. Yes, it's all Bill's fault for the recession we have today
Nothing to do with Bush at all. But, come GE it will all be Bush's fault.
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:46 PM
Response to Reply #7
9. Depend on "progressives" to make it Obama's fault too.
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Deep13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:12 PM
Response to Original message
3. I'm sure Bush's disasterous policies had nothing to do with it.
Bill Clinton had the economy running like a Swiss watch.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:12 PM
Response to Original message
4. This is why its said that should Edwards endorse Hillary he's selling out his supporters
The Clintons were the worst thing to happen to the average American in our lifetimes.

They set this country up to lose its manufacturing base, and the ramifications of those actions are now starting to be felt (with Bush's follow up actions since Bill left office).
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 12:13 PM
Response to Original message
5. Did even Ronald Reagan outsource a single job?
BTW: I bought an Indian software product. $200. A bit pricey for what it does, and I wouldn't call it the best, but it's proof no US corporation is exploiting them.

Fortunately, I bought the license before India stopped taking US dollars (while taking more US jobs and in turn risking the global economy because of it...)
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The Wielding Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:28 PM
Response to Reply #5
16. He did his best to bust unions..... remember ................ nt
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Straight Shooter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:19 PM
Response to Original message
12. My fellow Americans: Are hemorrhoids bothering you? Got bad breath? High cholesterol?
Blame the Clintons and you'll be on your way to feeling better in no time!
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The Wielding Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:26 PM
Response to Reply #12
13. Let's not forget that they had the Newtster and his "Moral
Majority" ripping at our rights and installing Corporate USA.
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Straight Shooter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:39 PM
Response to Reply #13
18. Ah, yes, the Newtster and his list of magic words to use against Dems. n/t
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Evergreen Emerald Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:27 PM
Response to Original message
14. ITS ALL CLINTON'S FAULT
oh brother.
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KennedyGuy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:28 PM
Response to Reply #14
15. laughable....
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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-02-08 08:29 PM
Response to Original message
17. Despite all the shouting about it, outsourcing is not the principle source of our economic
downturn. It was credit inflation and the subsequent credit deflation. I'm sick of the Dobbsian protectionist view of the world.
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