With a United States jobs crisis, TARP bail out recipients Citigroup and JP Morgan Chase are offshore outsourcing $5 billion in I.T. and back office work to India.

The Banks excuse this time? Regulations. Absolutely ridiculous, it's about labor arbitrage and putting U.S. workers last, even though the United States is down a good 12 million jobs since the start of the Great Recession.

Check out this quote about how India offshore outsourcers were involved with through their own making bankrupt Lehman Brothers:

Manufacturing news has a great article, Indian Outsourcing Firms Use H-1B To Displace U.S. High-Tech Workforce which overviews a new EPI study proving guest worker Visas are being used as labor arbitrage against U.S. workers.

The U.S. visa programs that allow companies to hire skilled foreign workers is "out of control" and is costing Americans hundreds of thousands of jobs, according to an analysis from the Economic Policy Institute. The H-1B and L-1 visa programs currently account for 1 million guest workers in the United States. Many of these foreign workers are employed at companies that have embraced offshore outsourcing of high-wage, high-tech workers as their primary business model.

The General Accountability Office released a new report, H-1B Visa Program: Reforms Are Needed to Minimize the Risks and Costs of Current Program. Just from the country of origin map alone, it's clear India is using the H-1B Visa to capture professional services, sector by sector. 47% of all H-1B foreign workers come from India.

The GAO reports 21% of all H-1B Visa applications are fraudulent, inaccurate. Staffing Companies avoid any scrutiny by adding layers of trading H-1B workers around to employers.

India insists people are something to trade and since India doesn't like U.S. law, they believe they can sue the United States and override our immigration laws via the WTO. Yes, that's right, they want to drag the United States in front of the WTO over the increases in H-1B and L-1 Guest worker Visas fees:

India may drag the United States to the World Trade Organization , or WTO, over its decision to raise professional visa fees for an extended period and impose a 2% import levy on goods and services sold to the US government, a senior official has said.

After a stunning defeat in the midterms, President Obama goes off to India and says India creator, not poacher, of US jobs:

Obama directly addressed the belief in the U.S. that India is robbing Americans of jobs. He acknowledged that many Americans only know trade and global commerce as the source of a job shipped overseas.

This is amazing. Senator Lemieux was appointed to the Senate in 2009, not elected, by then Republican Florida Governor and pal Charlie Crist. Sen. Lemieux is quoted in the India press as being a great representative for Indian offshore outsourcing businesses.

This is pretty incredible. India believes displacing American workers with imported Indian ones is somehow a trade issue. Slave trade maybe.

According to AFP, India is thinking of challenging the fact a nation gets to control it's own immigration policy, along with the very notion that somehow giving U.S. jobs away to foreign nations, is something the WTO would rule against the United States on.

Here goes our U.S. Treasury Secretary to India. Of course India is demanding our jobs.

India wants the U.S. to relax its export controls over high-tech products. The country also would like the U.S. Congress to give work visas to more Indian high-tech workers.

And in the U.S., business leaders want India to open up its defense, banking and retail sectors.