I completely agree. I've been working on a blog post titled something like 'How to argue against the H1-B program and not look like a Xenophobe' and this is precisely one of the points I make.

Among many changes, one of them should basically be a fast track to citizenship for H1-B holders, and not have it be tied to the employer. If they are that smart and that needed we should make it easier for them to stay.