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Obama vows to curb outsourcing

Washington, October 27:: Sitting politically 'pretty' with only a week to go for Presidential polls, the Democratic nominee Barack Obama has kept hammering away with his theme of creating jobs and curbing outsourcing and blamed the Republicans for the mess America finds itself in. Back on the campaign trail after a sho ....Read more

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10 Comments |

obamaBy: kiki musampa | Wednesday , 5 Nov '08 11:16:59 AM Reply | Forward Be indian.buy Indian.

Obama's Plans for JobsBy: cruisemates | Monday , 3 Nov '08 15:24:40 PM Reply | Forward Obama says he has a plan to keep jobs in America, The Patriot Employer Act. It gives comanies a 1% tax credit on income if they meet 6 conditions, all of which would cost more than the 1% gain. Most economists hate, other say "well, its harmless because it is voluntary" No corporation has embraced it. Its a pig in lipstick.Capital Gains:current: 15%McCain: 7.5%Obama: 20% or more (he has said as much as 35%)Corporate Taxes:current: 35%McCain: 25%Obama: 35%-60% (with state

OutsourcingBy: Sunil Sinha | Tuesday , 28 Oct '08 23:17:38 PM Reply | Forward How would you feel if all the top Indian companies outsource their jobs to Nepal, Pakistan, Sri Lanka and bangladesh for cost cutting. This how people feel in USA.

Logic Anyone??By: Betaalus | Tuesday , 28 Oct '08 2:05:33 AM Reply | Forward Not sure how Obama talking points lead to the conclusion "Obama vows to curb outsourcing"! He is talking about taking away the tax-breaks is that companies enjoy currently for doing business in the US but choosing to substitute US labor with foreign labor. This is a simple economic instrument to compensate for the breaks that US tax payers and labor has so far been extending to these companies, which they should not have to. The outsourcing will not end. it will only increase. the tax-breaks will end. The foreign countries can compensate these companies instead. Makes sense? Might be too much for the geniuses in the business of sensationalism and yellow journalism

OutsourcingBy: brewd07 | Monday , 27 Oct '08 21:11:38 PM Reply | Forward Curbing is a relative term. Can he say he will reduce it 10%, 50% or 100%? No becuase he knows outsourcing is essential for USA whether one likes it or not. 2% reduction is also curbing!!

outsourcingBy: RB | Monday , 27 Oct '08 19:17:30 PM Reply | Forward This is one of many flaws of globalization. Obama is trying to correct some of the flaws. It will not only help the US, but also countries like India. Such policies will bring the US economy back on track. On the other hand, it will bring back (may be force back) self reliance in Indian economy as well.

OBAMA, best friend of IndiaBy: sbala | Monday , 27 Oct '08 18:40:12 PM Reply | Forward OBAMA will be the best president in US for India. His plan, while increasing jobs in USA, will make India more competitive and open the entire EU to us. May be it is time for Indian companies to use their money to buy out US companies.

This is the real thingBy: Anon | Monday , 27 Oct '08 12:09:32 PM Reply | Forward No this is the only way out for the US. They have to start working again - cant just expect other people to do the work...For India, it will mean we need to have an integrated economy within the country also - cant just expect to export our way to prosperity.

It is a political stuntBy: Bashishth Narayan Verma | Monday , 27 Oct '08 11:08:39 AM Reply | Forward It is a mere political gambit thrown by Obama to grab the vote of jobless Americans. Curb on outsourcung will not only affect subcontinet but US economy as well.

OBAMABy: Srini | Tuesday , 28 Oct '08 5:43:37 AM Reply | Forward Obama will not try to be friends with India but he may turn out to be better for India than Bush. It is time that indians work for Indians. Dont depend on Exports.