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Obama vows to curb outsourcing

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    • Agencies Tags : US Presidential polls, Democratic nominee, Barack Obama, outsourcing, Republicans Posted: Monday , Oct 27, 2008 at 0909 hrs

    Democratic nominee have even gone in the upwards of 360 which will point to a landslide that has not been witnessed for quite sometime now.

    The clear edge to the Democrat candidate at the Presidential level will be impacting the races for the United States Congress as well and the Democrats are looking to "unleash a bloodbath in the House of Representatives and the Senate."

    In the House, the Democrats are expected to be picking up between 25 to 30 seats from the current strength of 235; and in the Senate the party is looking at a Cloture proof majority of 60 seats or up by 11 from the current position.

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    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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