Startup visas for foreign entrepreneurs? Jobs for Americans? Right...

[WhiskeyGirl]

Reform of US immigration laws is one of the hot topics facing the Obama administration. The internet campaign, which has the support of a range of entrepreneurs and investors, is encouraging the White House to back a "startup visa" giving hi-tech entrepreneurs US residency in return for starting a company.

The American technology industry, particularly in northern California, has long relied on bringing in talent from overseas. A quarter of American technology companies have foreign-born founders, and more than half of all Silicon Valley businesses were founded by immigrants.

Its proposals would modify an immigrant visa that is reserved for people who invest at least $500,000 in the US and make it easier for hi-tech entrepreneurs to set up businesses.

"We want to make it easier for entrepreneurs to come to the US, start new businesses, and most importantly create more jobs," says the group on its website.

http://www.guardian.co.uk/world/2010/jan/01/silicon-valley-startup-visa-entrepreneurs

What are the odds that the jobs will be in America, for Americans and those here legally?

What if they start a company in the US, get the visa, and all the jobs  are offshore in businesses friendly countries?

What if they have just a visa and are now eligible for all the government contracts, Obama bucks, grants, stimulus?

No jobs for Americans.  Just another rip-off?

Change we can believe in?