Obama may not take Bush bus to India

[OhioChick]

New Delhi January 20, 2009, 0:22 IST

Unlikely to be as friendly towards India as the previous administration.

“Change has come to America,” said US President-elect Barack Obama in his victory speech at Chicago on November 4 last year.

After his presidential inauguration on January 20, what will be the nature of the “change” for ties between the US and India? India’s Ambassador to the US Ronen Sen has sent an assessment report to the Ministry of External Affairs, noting that the incoming administration may not be as friendly as the previous administration.

The global financial crisis cast a cloud over the US election campaign in 2008. Promising change, first at home, was Obama’s main campaign plank. This included stopping the flight of “US jobs” abroad due to the outsourcing industry and protecting US businesses.

Here are some issues that will have a direct bearing on the Indo-US ties in the future:

Outsourcing: During his campaign, Obama’s prescription to combat job losses due to outsourcing was to withhold tax breaks to companies that ship jobs overseas. India’s software and services exports were nearly $40 billion during FY08, with the US as its largest market.

However, former US Secretary of State Madeline Albright, who was Obama’s representative at the G-20 summit held in November 2008, told Planning Commission Deputy Chairman Montek Singh Ahluwalia that outsourcing would not be on Obama’s immediate agenda.

More: http://www.business-standard.com/india/news/obama-may-not-take-bush-bus-to-india/16/58/346616/

"Outsourcing" had better be on his immediate agenda. We need JOBS!

[Sadie5]

1. This might become a trend

Where my husband works the India payroll stopped Jan.1st. I also smell a "buy American' movement underway.

[snappyturtle]

2. I agree. Outsourcing needs the President's immediate attention.

I'd like to see list of companies that outsource AND how many jobs were lost here due to he outsourcing. THN, I want to know the details of companies IN-SOURCING!

[ChromeFoundry]

3. a list of companies that do not outsource...

would be a smaller list than a list of those that do.

[ihavenobias]

4. Amen. n/t

[bemildred]

5. China better get used to the idea of "change" too. nt

[Azlady]

6. K&R to the greatest with the 5th recommend - and dang-

Does anyone know when Albright made that statement? My hope is that it was long ago. It is also my hope that Obama has outsourcing close on the "next to do" list..

[OhioChick]

7. Funny...

I just double checked the link above and the article was pulled. :shrug:

Try this:

http://www.business-standard.com/india/news/obama-may-not-take-bush-bus-to-india/00/48/346616/

[Captain Hilts]

8. We need to be on good relations with India for a lot of reasons. nt

[trthnd4jstc]

9. The Downward spiral can only be abated by creating new demand, and by creating greater Worker wealth

The Government should employ people on some big Green Public Works Projects. How about a US government Wind Power Plant. End the Power of the Utilities, and have Publicly owned Electrical Utility. We could employ millions of people in cleaning up the environment. Once all of these people have money in their pockets then they can spend it. End the Federal Reserve Banking System. The Government needs to print more money, and pay all of these millions of people money, and they will spend it, and the economy will improve.