Posted online: Thursday, November 09, 2006 at 0125 hours IST
In a major setback to US President George W Bush, the opposition Democratic Party on Wednesday took control of the House of Representatives for the first time in 12 years and made gains in the Senate, in Congressional elections largely seen as a referendum on the Iraq war.
The White House conceded that Democrats had won after US media predicted major gains by the opposition party.
The Democrats’ win is of concern to India’s IT-ITES sector since the backlash in the US was originally started by Democrats during the 2004 Presidential elections. In October, 2006 mid-term polls, many senators like Sherrod Brown in Ohio and Bob Casey in Pennysylvania won their seats on the back of anti-outsourcing rhetoric.
Currently, the US contributes about 67% of all IT-ITeS export revenue, which may fall if legislations against outsourcing are introduced in the US.
http://www.financialexpress.com/fe_full_story.php?content_id=145960I hope the Dems do something about this outsourcing BS......