The Atlanticist mouthpieces are quick to gloat on the collapse of the Indo-US N-Deal. Well, I've previously often compared this N-Deal to the Dhabol Power Project. Because Dhabol was a deal that was heavily lobbied for by the US, with Cheney even doing some backroom negotiating with Sonia, and obtaining terms quite favourable for Enron. Then Shiv Sena came to power and threw out the deal. This set into motion the collapse of Enron, after CEO Rebecca Marx quit.
Similarly, Cheney & Co were a little cocky in the way they negotiated this deal, and took us for granted, even backsliding somewhat from the original July18 agreement. Now we see the result -- India is again pulling back from the deal. But what will be the ultimate fallout? A proportionally wider collapse of the entire geo-political agenda being pursued by the Bush admin?
I think there's going to be tremendous fallout for the Bush admin as a result of the collapse of this deal. But what will now happen to India? Will India possibly turn to the Russians, to negotiate a similar deal? I'm not really sure it's in Moscow's interest to, as it would antagonize China.