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Obama vows to curb outsourcing

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    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 short break in Hawaii to see his ailing maternal grand mother, Senator Obama was in the "Red" state of Colorado pushing his economic plans.

    Holding the Bush administration and by extension his Republican rival John McCain for the current economic recess, Obama said, "It's time to turn the page on eight years of economic policies that put Wall Street before Main Street but ended up hurting both."

    "We need policies that grow our economy from the bottom-up, so that every American, everywhere, has the chance to get ahead -- not just the person who owns the factory, but the men and women who work on its floor; not just the CEO, but the secretary and the janitor," he said in Denver.

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    The Illinois Senator said, "If we've learnt anything from this economic crisis, it's that we're all connected; we're all in this together; and we will rise or fall as one nation as one people. The rescue plan that passed the Congress was a necessary first step to easing this credit crisis, but if we're going to rebuild this economy from the bottom up, we need an immediate rescue plan for the middle-class, and that's what I will do as President of the United States" he added.

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    Next123
    obamaBy: kiki musampa | 05-Nov-2008 Reply | Forward Be indian.buy Indian.
    Obama's Plans for JobsBy: cruisemates | 03-Nov-2008 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 | 28-Oct-2008 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 | 28-Oct-2008 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 | 27-Oct-2008 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!!
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