Fifty members of the US House of Representatives have announced that they are introducing a bill that would deny American companies Federal financing and loan guarantees if they shift jobs overseas.
'The Defending American Jobs Act' was written by Congressman Bernard Sanders, the only independent member in the House. It will be co-sponsored by about 50 other representatives, including Republicans Ron Paul of Texas and Virgil Goode of Virginia.
Outsourcing and India: Complete Coverage
Democratic candidate for presidency Senator John Kerry has gone to the extent of calling CEOs of companies outsourcing to countries like India and China "Benedict Arnolds," i.e traitors to the United States like the general in the Revolutionary War against the British who defected to the other side.
Senate Democrats, including Senator Christopher Dodd, have introduced similar legislation.
According to an ABC-TV poll, 57 per cent of Americans polled think President George W Bush does not understand the problems of ordinary Americans, with overwhelming majorities disapproving of the way the President has been handling both the economy and job creation.
Former Vermont Governor Howard Dean, unsuccessful candidate for the presidency who has so far won only his State in the primaries, told ABC-News: "I think the Bush Administraton is completely out of touch with the lives of ordinary Americans.
"A half-trillion dollar debt (this year's anticipated budget deficit) is going to have to be paid at some point by somebody sooner or later and it is the very people whose jobs the President is sending offshore."
