Congressman Brady Says Chase Bank Outsourcing Plan is Outrageous

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Congressman Brady Says Chase Bank Outsourcing Plan is Outrageous

Congressman Robert A. Brady (D., PA.) has joined a number of members of Congress in expressing outrage thatJP Morgan Chase Bank plans to outsource tens of thousands of U.S. jobs to India in the aftermath of receiving $25 million in Troubled Assets Relief Program funding.

In a letter to Chase President/CEO Jamie Dimon and signed by Brady and 41members of Congress, it was stressed, "We would like to remind you that the taxpayers of the United States of America contributed $25 billion to your company to help stabilize our economy not send jobs overseas."

Brady said that the ranks of unemployed workers are growing everyday. "And, rather than shipping more jobs overseas the banks and major corporations should be retrieving jobs for American workers."

In the letter the Congresspersons stress, "651,000 Americans lost their jobs in February. 3.8 million American lost their jobs in the last 12 months. Every day an average of 21,000 men and women receive a pink slip and with it the fear of an uncertain economic future. How should these American workers, many of them your consumers, be expected to have hope for a better future when the very companies they contributed to through the Troubled Assets Relief Program outsource the jobs they desperately need?"

Brady said. "There seems to be a disconnect between some major financial institutions and the suffering of the everyday people who are losing their jobs."

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