If super rich would stop outsourcing jobs we wouldn't be in this mess

To the editor,

On May 27, 2011 Goldman Sachs announced that former U.S. Republican Senator from New Hampshire Judd Gregg was named an international adviser to Goldman Sachs. Former Senator Gregg was the ranking Republican member on the Appropriations, BANKING, Housing and Urban Affairs and Health and Education, Labor and Pensions Committees.

Former U.S. President George W. Bush signed into law the Troubled Asset Relief Program (TARP) on October 3, 2008, better know as the Banking Bailout, which former Senator Gregg voted for. According to Wikipedia, "U.S. Senator Bernie Sanders of Vermont amendment to the Wall Street Reform Bill required the Federal Reserve to reveal the names of companies that received backdoor bailouts through a program that used liquidity and credit programs and other monetary policy tools to respond to the financial crisis in the summer of 2007. According to Senator Sanders, Goldman Sachs received nearly $600-billion." Goldman Sachs also received another $10-billion from the TARP Bailout and on June 28, 2011 in an article by Scott Keyes of Thinkprogress, "Less then three years after receiving $10-billion in bailout money from the American taxpayers, Goldman Sachs informed its employees recently that it will fire 1,000 workers in the United States and elsewhere, shifting their jobs to the cheaper labor market in Singapore." Must be one of Former Republican Senator Judd Gregg's first moves to help Goldman Sachs save money at the expense of the American taxpayers and workers.

The political cry is let's create jobs but if the super rich would stop outsourcing jobs we wouldn't be in this financial mess.

David Gammon

Laconia