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And what was so good about it?

It allowed companies to hire competent help when the labor market was short. Look, the H1B program was around long before all of the 100 grand a year IT super kids. It was used mainly for engineering and it worked well. The REAL reason the IT sector is in the pits in this country is the IT whiz kids were working in vaporware businesses and they priced themselves out of the real world when the bubble burst. I am amazed that conservatives believe they have some “right” to a job in a private sector environment. Business is in the business of making money NOT providing jobs. They are not even in the business of making anything, a business only makes things for the cold heartless reason of making a profit and making the largest profit they can make. If they have 2 people apply for a job, one the demands 100 grand and one that will accept 50 grand and do it just as well then that business has a fiduciary duty to the owners and share holders to hire the one that accepts 509 grand and citizenship or geographic location means anything as long as it is legal. Business has to be amoral and apolitical or it is bankrupted.

"It allowed companies to hire competent help when the labor market was short."--- If it worked the way it was designed, it would have been great. Funny how things changed once the cheap slave workers started pouring in.

"The REAL reason the IT sector is in the pits in this country is the IT whiz kids were working in vaporware businesses and they priced themselves out of the real world when the bubble burst." ---Mastercard, SBC , Bank of America etc... Are not vaporware business. Yet, these types of companies are currently displacing American workers with cheap foreign labor.

"I am amazed that conservatives believe they have some “right” to a job in a private sector environment." ---Very well. But someone applying for a job should not be discriminated against because he is an AMERICAN !!!

"Business is in the business of making money NOT providing jobs. They are not even in the business of making anything, a business only makes things for the cold heartless reason of making a profit and making the largest profit they can make. If they have 2 people apply for a job, one the demands 100 grand and one that will accept 50 grand and do it just as well then that business has a fiduciary duty to the owners and share holders to hire the one that accepts 509 grand and citizenship or geographic location means anything as long as it is legal. Business has to be amoral and apolitical or it is bankrupted."---This speaks volumes. I guess you will love it when the new "temporary" Mexican worker program is put into motion by our wonderful government. Big companies are going to have a field day, just like they did with the H1B visa program.

It allowed companies to hire competent help when the labor market was short.

Say what?
I personally know programmers who are not “IT super kids” but college educated code monkeys with years of experience that are on easy street. Looks to me from your point of view, as you work your whole life you should expect to earn less as the years go by. 100K IT people are a myth set forth by the education institutions who wish to milk 30K from people to learn this computer crap. As jobs are exported or given to foreigners because Americans won’t work for pennies above a green card will automobiles, housing and bread follow? Maybe we all should be born wealthy or become corporate raiders, the stock market isn’t the answer. Of course on the other hand, we can all sue each other and live on the income from these phantom awards.