Sunday, March 27, 2011

Congress Not Doing Its Job? Job Creation Programs That Don’t- The American Jobs Creation Act and the EB-5 Program for Sale of Green Cards

If you are looking to learn about programs created ostensibly to create jobs where that is not happening because Congress has walked off the beat, here is a post on the subject provided via National Notice’s sister blog, Noticing New York: Saturday, March 26, 2011, The American Jobs Creation Act, Job Creation That Wasn’t: What Happens When Government Doesn’t Manage Its Programs.

The post deals with The American Jobs Creation Act and the EB-5 Program. Each is supposed to create jobs, the first as you can tell by its title. The EB-5 program, as the New York Times puts it is, “an obscure federal program that grants [“sells” is a better word] green cards in exchange for a $500,000 investment in a job-producing American project.” (See the post for more and links.)

In each case the program has been commandeered by big business simply seeking to financially line their pockets without providing jobs.

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