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Obama calls India creator, not poacher, of U.S. jobs

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Obama is there for "Diwali" Celebrations - Indian Festival of Lights ! Pre-set American Policy in the region will not allow him to steal the show. A Wonder Lasts but 3 days - most likely conculsion of his trip to India ! Both nations will enjoy trade with China atleast for a decade.

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Potentially-- perhaps in few years time... but now, how can the Prez be so sure.

From Obama Looks To India To Heat Up US Job Market, 7.11.2010

Atindra Sen, the head of the Mumbai business group, the Bombay Chamber of Commerce, said although trade between the two countries has grown, the number of American jobs created by trade between India and the United States is still very small.

"Even with the 200 percent increase in Indian imports from the U.S., it's not going to create that many jobs in the U.S.," he said. "I think that this talk of jobs is more for the domestic audience than it is for a real issue between India and the U.S."

(At least someone's more honest on the figures and job projections.)

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(At least someone's more honest on the figures and job projections.)

And that someone is not a member of congress, nor among the newly empowered GOP. It's all blame to China and India for embracing capitalism and none to the US which seems to have forgotten what capitalism is all about i.e. financial crisis, real estate crash, etc.

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I think Obama is blowing bubbles for political showcasing.

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And that someone is not a member of congress, nor among the newly empowered GOP. It's all blame to China and India for embracing capitalism and none to the US which seems to have forgotten what capitalism is all about i.e. financial crisis, real estate crash, etc.

Meh-- US can't always maintain that they're not part of the problem when policy makers are still quite relentless in pursuing debt-financed consumer/ corporate binge in their own turf... but obviously the Asians too have been chasing that debt addiction for sometime now. Too eager to say 'yes' on FTAs that may not be sustainable in the long haul. There's nothing wrong that can't be cured by free market reforms, and embracing capitalism as tool to empower poor people in Asia-- the Indians have been emphatic so far in their efforts, but they're obviously not unique in the region. And we're seeing buoyant consumer market opportunities everyday which is good not just in India and the Chinese markets but also elsewhere in the region.

But obviously Asia need to grasp the reality, and the issue of trade deficits and other complaints in the West might soon be issues that would be too difficult to avoid and brush off... Asia's not there yet, but it's important to think forward.

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Obama is not stopping at China station during his 10 days visit in Asia. He is sending a strong message to China. Hope China gets it.

A high tech business will prosper with India while China remains as a labor intensive world manufacturing plant. China has to evaluate themselves the reason why.

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Barack Obama is in India to sell military airplanes and weapons. It doesn't matter if he is a Democrat or a Republican. It is the same crap, it is part of his job. Sell weapons to both India and Pakistan, make them p*ss each other off.. But keep mumbling about how you care about peace in the world & get a Nobel peace prize for that !

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Obama calls India creator, not poacher, of U.S. jobs

Corporate, neo-liberal nonsense. The rise of India and China is directly fed by the the decline of the USA.

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@AuntyAmerican

Let me add that India and China has been having territorial disputes for centuries.

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The rise of India and China is directly fed by the the decline of the USA.

Right. The old nonsense about how the economy is, um, like a pie ya see, and some people takes bigger slices than others, and it aint fair.

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From Hindustan Times

"Indian politicians are known for making impromptu long speeches and perhaps that is why some parliament officials, who did not wish to be named, sounded rather surprised with the idea of a teleprompter for Obama.

"We thought Obama is a trained orator and skilled in the art of mass address with his continuous eye contact," an official, who did not wish to be identified because of security restrictions, said. "

These Indian politicians have an excuse - they are thousands of miles away from America. Obama's supporters and fans have no excuse.

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No mistercreosite, it is about how this "trade" is nothing but wage and regulatory arbitrage, and has nothing to do with any real comparative advantage that China and India have.

But if people want to continue to believe in the "a witch floats because she is made of wood, so if a woman weighs the same as a duck she must be a witch" school of voodoo economics then go ahead. Commit economic suicide, I don't care. But I am safely prepared, and won't be going down with you.

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Yes US and India,can boom in Joint ventures.

India need more and more US-Japan ways,to upgrade itself .

China 9 trillion dollar a year economy,should be guide for India in achieving a 9 trillion USD a year economy.

This can only be done via more USjobs,Japan jobs and India jobs,to actualise it.

The Govt leadership of India,needs to copy more US-Japan systems for governance and excellence.

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The rise of India and China is directly fed by the the decline of the USA.

And now there is no stopping no matter how loud you scream fowl

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The rise of India and China is directly fed by the the decline of the USA. And now there is no stopping no matter how loud you scream fowl

The only screaming I see seems to come from Europeans.

China grows old before it grows anywhere near as rich as the US.

India is a democracy. Americans have no problems with its rise. I am glad to see it. Like Japan's ascent India's rise invalidates the moronic Lefty gospel about how the 'white' nations exploit the rest and deliberately hinder their development.

It will be interesting to see what India has to show Obama.

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@rabblerouser- was that a typo or a very witty pun? Poacher, Fowl!!! Very good if intentional.

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If the USA is to have any hope it must invest and build business in India and not China. At least India is a democracy and it would upon support be more supportable. Versus a China that will frankly never be. If the USA had a policy to only invest in democracies that would mean your constitution isn't a joke when investing in China. Removing that hypocrisy would be a good step.

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GJDailleult

" Corporate, neo-liberal nonsense. The rise of India and China is directly fed by the the decline of the USA. "

LOL! So, our favourite community organizing, spreading-the-wealth activist is now a spokesman for corporate, neo-liberal interests?

Thanks for a good laugh in the morning.

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Obama, How is India a creator, and not poacher? Should all Americans leave the States to follow the trail of jobs overseas?

Who are those 54,000 suppose employees comprised of? Workers from India and China. The number is nothing to brag about.

Why is Obama going around Asia and presenting an image that does not reflect what the majority of Americans believes in?

All world governments should add a stiff tax for reimporting the merchandise, goods, and service back to the home country. The companies that do business overseas should be taxed for sending jobs overseas for every positions that are lost.

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Creator, poacher Hmmm.

I would say that India, etc allowed a shift in the job-mafrket in the USA, etc. Where more skills were needed in the service industry and the workforce within manufacturing(outsourced) itself could be increased while cost-reduction.

For IT India was a big Boon as it allowed companies to be fully staffed 100% by using different time-zones and NOT needing to pay expensive over-time.

So yes, India and China reduced many jobs but at same time gave people the potential to move into higher-earning professions, etc.

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Nobody likes to get a call center from India. The solution is don't buy the product or do business with a company that have a call center overseas. Save oneself a lot of stress and grief.

Zenny11: So yes, India and China reduced many jobs but at same time gave people the potential to move into higher-earning professions, etc.

You got stats to backup that claim. My understanding is that the IT jobs are lowering American wages. Why would any company pay an IT person in India or China the same salary? The companies know those people will take a lesser pay cut, plus the living standard is lower in India and China at this time. Americans who are in the IT business have the skills and when their company goes oversea they are asked to trained the Chinese and Indians.

Overseas jobs have decrease American wages like the IT field. Maybe everyone should become a CEO into a higher-earning profession(sarcasm).

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You've got it right skipbeat! Oh I hate to deal with them when I have a system problem with computer. I was once so frustrated and slammed my phone. We need to bring these jobs back to US.

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"The rise of India and China is directly fed by the the decline of the USA."

"The old nonsense about how the economy is, um, like a pie ya see, and some people takes bigger slices than others, and it aint fair."

Did you guys trade brains or something? GJ takes the nationalist hard line. And Creosote seems to be agreeing with Obama.

Weird. You guys are sure you are arguing this the right way?

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Zenny is right here, I think. The debate has been going on for decades at least. Steel, autos, now call centers. Industries come and go and wages have a lot to do with comparative advantage.

I don't really "like" it, but the alternative is having everyone pay through the nose so that people can continue in their present jobs forever. People who are really good at their jobs and continue to boost productivity should keep them. Everyone else needs to do something else. That is how it works on the micro and macro level. Too bad it creates friction.

You know why I am an anti-communist? Because I believe that if you don't love your job, you shouldn't have it.

If Americans had really really really wanted to do call center jobs more than anything else in their whole lives, they could have kept that industry. But it was poorly managed and nobody really wants to study science and math anyway. They don't even want to be polite and follow procedures, apparently.

Someday, someone or some machine is going to take my feed bag. I am already getting ready for it. Are you?

And skipbeat, Mexican immigrants are lowering American wages, and computers are, and cheap gas, and Chinese trade, and no national minimum wage, and no mandatory health care for workers, and 401ks, and union-busting, and stock option compensation and greedy executives. Are we just picking on the Indians today? Low wages are part of what makes America great, and of course that cuts both ways, right? I just assert that, I don't know if it is true, but it is the Econ 101 explanation, and it seems about right.

"We need to bring these jobs back to US." Yeah. Because paying someone three times as much to feel entitled to a paycheck for cussing at customers is the American way.

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I'm all for increased ways for US business to gain inroads into India, but I think this is just a PR stunt (I hope not).

If the US sends American cars, then those cars will need gas to run and guess what, India is exempted from all of those "Carbon taxes" that they are trying to enforce on the rest of the world. The result, more cars on the roads in India, and they don't have to pay a "carbon tax" (whatever that is).

Also, if they buy US electronics, those things take energy, and once again, they get away with increased energy consumption, while the rest of the world gets screwed.

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Did you guys trade brains or something? GJ takes the nationalist hard line. And Creosote seems to be agreeing with Obama. Weird. You guys are sure you are arguing this the right way?

Gave me a laugh, but I'm not surprise since trade is a sentimental issue for some people, and I think only now we're seeing opinions from both sides of the politics simply contradict the 'talking points' of the established order...

I'm all for increased ways for US business to gain inroads into India, but I think this is just a PR stunt (I hope not).

If the US sends American cars, then those cars will need gas to run and guess what, India is exempted from all of those "Carbon taxes" that they are trying to enforce on the rest of the world. The result, more cars on the roads in India, and they don't have to pay a "carbon tax" (whatever that is).

Good post, FTAs are have to have balance and be useful to Main Street as well, and people really have to start considering trade contracts that their governments sign...

Free market reforms in the region have been emphatic. Unfortunately these FTAs have been unable to complement a sustainable, workable economic conditions, for their people, because tariffs had to be removed in exchange to access to foreign markets, and other provisions that may not be practical in the long haul. FTAs will always be lopsided; it'll mightily sting once your indigenous industries are long gone, and costly and uncompetitive as these FTAs pervert the economic landscape in one's country.

We've been mindlessly told that free trade deals are some sort of wonder drugs for the world's ill-- it isn't-- and it's simply bullocks to yell protectionist (or dare I say 'racist') to people oppose to FTAs or certain aspects of it.

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Nobody likes to get a call center from India. The solution is don't buy the product or do business with a company that have a call center overseas. Save oneself a lot of stress and grief.

OK, I buy a computer from Company A. They don't have an Indian call center. Six months later, Company A decides to outsource their customer support operations and I soon find myself talking to "Tony" in Mumbai.

So what do I do? Scrap my computer and search for another company who'll just end up doing the same within a year?

Get real, skipbeat.

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So, our favourite community organizing, spreading-the-wealth activist is now a spokesman for corporate, neo-liberal interests?

The activist thing is just the front. Look at what the guy does and not what the media tells you he is doing. It is all just part of the big show, obviously you need to have two parties to appear to have a democracy, otherwise people will start to clue in.

As for "trade" with India (and China) they are not doing anything that the USA didn't use to do for itself. This is not trade where I do what I do well and you do what you do well as in traditional economics. This is where I say I will pay much lower wages and not have the same laws and then we split the difference. Just a way to increase corporate profits and keep down price inflation while they continued to pump debt (money) into the system so people could be "rich". It couldn't happen if the exchange rate system wasn't completely messed up, if it worked then the wage differences would get adjusted for. And now the money pumping system has broken down that means the speculative economy has stopped working. Which leaves only the productive economy, much of which got shipped off to India and China. Very, very bright move that.

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