Friday, March 27, 2009

why Obama's bluster on outsourcing will fail

http://www.time.com/time/business/article/0,8599,1887779,00.html

Bailed-out firms that Obama stops from hiring Indian outsourcing companies will hire IBM - which sends the work to - you guessed it - India. This trend will only strengthen in hard times when everyone is trying to cut back on budgets. IBM's increased hiring in India is no favor - they recognize the threat to their competitive position by Indian IT Service companies.

of course chidambaram will claim "Manmohan and I got all these jobs to India". since he will do this with a sense of false gravitas - and because he wears glasses; the press in india will fall over themselves telling us how true that is. meanwhile party cadres will clean up all of India's savings. this will cause India's economic death.

to which chidamabaram will say - a la Monty Python - it's not dead it's resting.

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