Why don't you try outsourcing. If you can't find anything in India anymore, look at China. They are great in boxes of all colors.
Quote from Diamond Geezer:
I've been searching for good programmers for some time now in places like www.rentacoder.com and elsewhere
Hey Bobcows, those 2 resources you gave look really interesting, thanks.
PS I too went the India route. I was in contact with an IIT graduate who now works for Morgan Stanley in Bombay. She specializes in analyzing US equity tick data. Talk about finding the motherload!
Of course she can't do anything for me but she gave me several other independent programmers who graduated from IIT's math of finance program (for those who don't know, ITT is India's answer to MIT only way more competitive).
After several phone discussions, I too gave up on India. The language, distance and time barriers are too high for me. So, I'm still looking.

Quote from GTG:
My friend's experience with outsourcing:
I had a friend who had an internet business idea. Rather than quit his six-figure job consulting to write the software himself, he hired an indian firm which provided him with a programmer at a rate somewhere in the teens I believe. ...
In the end, after several months, my friend had to re-write all of the software himself, because the code the Indian programmer wrote was complete crap.
Quote from logikos:
There plenty of qualified folks here in the US that can program your system. If you have trouble finding, send me a private message. I have been an independent software developer for 20 years and can help you. I'm currently swamped but can squeeze you in.
Forget about India, forget about China. Why do you want to export your trade secrets? I've seen company after company let Indians take over their product development, including a few of my former clients. They are willing to entrust people half the world away with their multi-million dollar investment in software development to save a few bucks.
It's hard enough to prosecute in the American justice system instances in copyright infringement for software, how do they expect to do it on an international scale?