Drive-time AM radio this morning has been pushing a variant of this Matt Apuzzo AP story from last Wednesday questioning the job creation effect of the stimulus package.
Meanwhile, a similar version of this theme seems to have made its way from the Indian press to The Raw Story and was picked up by Avedon Carol at The Sideshow — the key change being to state — or at heavily imply — that Obama’s policies were sending green jobs overseas (especially to India) instead of creating them here at home.
So what’s this all about? Well, I suspect that some US-based multinational corporations (such as, perhaps, Microsoft?) don’t like the fact that banks and other entities taking TARP bailout money can’t keep importing and using dirt-cheap H-1B workers instead of American workers, and so they’re doing some pushback.
Another angle is that Obama also wants to crack down on offshore tax havens — something else that his critics (particularly those on the right) say is impossible and which can lead to undesirable effects, even though a new study, which you almost certainly won’t hear as much about on the evening TV news or drive-time radio as you will the other news stories I’ve mentioned, shows how Bush policies that enabled tax-haven junkie corporations to continue their tax-dodging ways wound up costing America tens (if not hundreds) of thousands of jobs since 2004. (h/t to Scholars and Rogues for this.)
If the people who want to preserve the tax-haven option can get the masses to seriously doubt the efficacy of the stimulus plan, then they can stop the plan to shut down the tax-haven option. And if they can use a story from the Indian press (which has a big ol’ dog in this fight) about green jobs allegedly fleeing the country under Obama to smother a much better sourced and detailed story about how Bush tax-haven-enabling policies touted as job-savers actually cost tens of thousands of jobs, that’s also something that helps the protectors of the tax havens.
Now, granted, many of these stories I’ve mentioned may well have groundings in reality. But the timing is, as I say, interesting.