Wednesday, June 10, 2009
Barack Obama
Barack Obama’s attack on US companies who export jobs and hide profits overseas may well backfire. Obama outlined a plan last month to encourage US firms – especially tech outfits – to stop spinning jobs overseas. The idea of “US jobs” being done by cheaper foreigners horrifies Americans. Except when it comes to nannies, gardeners, waiters etc. The plan has already drawn fire from US tech companies, who complain that it will hobble development and ignores the fact that technology is a worldwide business.
IMO: The hasty patchup job on US banks and motor companies will not last either. The last world depression was caused by the selfish and unthinking behaviour of US authorities.
India is a big market for many American products – including defence equipment – so its government had plenty of screws it could turn if Obama follows through on his threats. The defence market could be particularly sensitive: India is looking to develop its own defence industry, while Washington would be even more aghast if it turned to the likes of China, Russia or even North Korea in preference to the US.
IMO: America should clean up its own back yard instead of trying to start a trade war because it is too cowardly and impotent a nation to win any real war. USA even backed down - under both Bush and Obama - before titchy North Korea. America must remember it is part of a global economy, and grow up from being the griping child economy that it is. And talking of kids, even infant mortality rate is extremely high in America - just like the wages of millionaire bankers who have stolen the homes of poor US citizens, not just this once but time and again under loony Reagan and other US presidents. It would be better to put that right than to waste money on the present mindless attempts at neocolonialism. Could any sane person be proud of a country like USA that lets its own people die and tries to sponge of extremely poor foreign nations. I could not.
IMO: The hasty patchup job on US banks and motor companies will not last either. The last world depression was caused by the selfish and unthinking behaviour of US authorities.
India is a big market for many American products – including defence equipment – so its government had plenty of screws it could turn if Obama follows through on his threats. The defence market could be particularly sensitive: India is looking to develop its own defence industry, while Washington would be even more aghast if it turned to the likes of China, Russia or even North Korea in preference to the US.
IMO: America should clean up its own back yard instead of trying to start a trade war because it is too cowardly and impotent a nation to win any real war. USA even backed down - under both Bush and Obama - before titchy North Korea. America must remember it is part of a global economy, and grow up from being the griping child economy that it is. And talking of kids, even infant mortality rate is extremely high in America - just like the wages of millionaire bankers who have stolen the homes of poor US citizens, not just this once but time and again under loony Reagan and other US presidents. It would be better to put that right than to waste money on the present mindless attempts at neocolonialism. Could any sane person be proud of a country like USA that lets its own people die and tries to sponge of extremely poor foreign nations. I could not.
# posted by uv : 8:30 PM
Subscribe to Posts [Atom]
