"...$10 Billion Bailout, Goldman Sachs Announces It Will Outsource 1,000 Job..."

[WhiskeyGirl]

"After Taking A $10 Billion Bailout, Goldman Sachs Announces It Will Outsource 1,000 Jobs To Singapore"

According to Fox Business, Goldman Sachs has quietly informed workers and lawmakers of its plan to outsource 1,000 jobs in an attempt to inoculate itself from the impending blowback:

    Goldman is so concerned about the potential for criticism that the firm’s representatives have been alerting staffers of lawmakers in Washington of the hiring spree in recent weeks as a way to mollify any concerns they may have about previously undisclosed plans to add 1,000 jobs to the firm’s Singapore office, according to people in Washington with direct knowledge if the matter. Goldman is concerned about criticism because it is adding those jobs while it is planning what could be a significant retrenchment in its U.S. workforce, these people say.

Spend and borrow, spend and borrow, raise taxes!!!

The move to shift 1,000 jobs to Singapore is part of an overall effort by Goldman Sachs to cut $1 billion in operating costs over the next year. However, Goldman is firing American workers at a time of record profits for the company, which raked in $2.7 billion in profits in the first three months of 2011 alone.

...However, this move by Goldman Sachs is particularly troubling for that theory because, according to a source with knowledge of the matter, the 1,000 Singaporean jobs are likely to be “high-paying, skilled positions in sales and investment banking.” Whereas highly educated workers may once have imagined themselves immune from the specter of outsourcing, Goldman Sachs has shown that is not the case.

read more here - http://thinkprogress.org/economy/2011/06/28/255724/goldman-sachs-outsource-1000-jobs-singapore/

Where are Mr. Obama's highly skilled jobs of the future?  Singapore?  Maybe 50 million unemployed people need to move?  Become global illegal aliens?