This is my opinion as well.
If a corporation does not like the labor pool in this country or the labor pool does not meet it's needs then that company is free to move.
I completely agree with this statement as it is worded.
The problem addressed by H1-B is not this one, however: it deals with a sort of an intermediate situation, where the company prefers to stay in the U.S. but lacks very few individuals. If a company wants to hire a German manager to reside in the U.S. but direct marketing campaigns in Germany and Switzerland, say. The company likes 10,000 American workers in its plants. What is it to do? Certainly not move the entire company to Germany, right? Whom does it benefit if we don't allow that German manager to come and work in the U.S.? Nobody (and actually increases the costs of goods, for which we all pay). The same situation occurs em masse in major universities. Talent is spread around the world, and universities want the best. If the candidate happens to be Italian, why not hire him/her?
Situations such as this is what H1-B is designed for. The German manager and the Italian professor are allowed to work. YOu never hear about the success of this program, however: all you hear is whining from programmers. It is true that some abuses may exist in that sector (and should be dealt with accordingly) but that does not reflect neither on the objective nor success of the program.
Perhaps that is the way it is supposed to work - but in reality that is not how it is being used. If you look at the h-1b database you will find that many companies hire thousands of H-1B workers and often times they layoff the American worker. Many cities and towns have been inundated with foreign workers and our population has grown beyond the infrastructure capacity of most towns. I think your view on what the H-1B program is and how it is being used is not reflective of what is really going on. My point is that our government has no business changing the immigration policies of this country for the benefit of a corporation especially when the laws surrounding it are not enforced or even modestly monitored.