US trade deals recast India as job growth engine

[Joanne98]

Source: AP

MUMBAI, India (AP) — Indian and U.S. companies have discussed or signed over $14.9 billion in deals around President Barack Obama's trip that will support 53,670 U.S. jobs, the White House said.

The U.S. export content of the deals, estimated at $9.5 billion, won't go far to settle America's trade deficit, which was $46.3 billion in August alone, but the numbers are testament to India's growing importance as a global market and have provoked a swell of pride here.

"I want to be able to say to the American people when they ask me, well, why are you spending time with India, aren't they taking our jobs?" Obama told reporters in New Delhi Monday. "I want to be able to say, actually, you know what, they just created 50,000 jobs. And that's why we shouldn't be resorting to protectionist measures. We shouldn't be thinking that it's just a one-way street."

KPMG India executive director Pradeep Udhas, who is also president of the Indo-U.S. Chamber of Commerce, said the deals are significant less for their absolute value than their message.



Read more: http://www.google.com/hostednews/ap/article/ALeqM5jDhWNvj-KgnXtfilvMa-8VXMjwiA?docId=8376ef7584f149fcb19a68f67f9fae29

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"Indo-U.S. Chamber of Commerce" and the Chamber saz......

"We didn't get any foreign money to out-source jobs"


Well this is pretty much PROOF that statement was a LIE!

[dotymed]

1. Obviously

without some "protectionist" measures, our citizens will continually be forced to work for low wages to compete with India's
LOW labor costs.
Guess who benefits?

[xchrom]

2. obama is a believer in globalization and neoliberal trade policies.

and to be frank -- that point of view is the only point of view allowed in government today.

there's vast agreement of both sides of the political aisle -- that that is the 'truth' of our day.

now that doesn't mean repukes wouldn't drown any achievement, no matter how conservative, of the obama admin in a bathtub -- but they do agree.

[jwirr]

3. On the message of globalization I think he is wrong. Listening to the

wrong advisers again.

[xchrom]

5. i'm not saying he isn't wrong -- i'm saying

that is the predominate school of thinking in both political parties -- and he is a member of that.

all the ivy league schools preach it -- it's founding principles are out of the university of chicago --
there is simply no other discourse in the american political elite except the one.

[JDPriestly]

4. We have heard this before. NAFTA was supposed to produce jobs.

This is just empty rhetoric, empty promises. So, I will believe in the jobs once they exist, not before.

[Steerpike]

6. ha!

we are really really screwed...

[Little Star]

7. Yeah Right!! And I've got this bridge in Brooklyn for sale.

This crap is soooo insulting!

[Vincardog]

8. What is insulting is that our "leadership" actually BELIEVES this BULLSHIT and THAT IS WHY THEY

REFUSE TO DO WHAT IS REQUIRED to correct our economic policies.

[durkermaker]

12. no they dont believe it. they only believe it wont affect their gated community

but instead actually help it

it's just the 'little people' who will be affected, and 'they've had it too good for too long'

'why should the little people have it any better than someone in India', is the most common question for them these days

'who do they think they are....one of US?!?!?'

the 'free trade' era has been about smashing the middle and working classes into smitherenes once and for all. it's about ending the discussion with labor forever, and replacing it with one way communication

[Iowa]

18. Well said durkermaker! You nailed it.

[durkermaker]

9. Americans are headed for a white collar wipeout beyond worst nightmare

and if you dont work in white collar, the will be desparate ex white collar refugees willing to do your job for less than you now earn

the h-1b/outsourcing issue was never about tech, it was a labor model, with tech workers as the guinea pig. it is a labor model that can blow away almost all white collar corporate work

Former Fed Reserve board member, princeton economist and former free trader alan blinder has said exactly that, that 30-40 million jobs are at risk, and he's right

i have felt for years, that if we didnt change course, that this was the next big bad thing for the american middle class

and i see it right before my eyes, right now

the incredible job destroying disease of 'free trade', a nightmare for the working and middle classes for 20 years, only pauses and consolidates. It never really stops or retreats.

It's wiped out manufacturing, meat packing, construction trades and tech. many outside these lines have thought 'well, my job is safe, it hasnt come to me'

not yet anyway.....

[Skittles]

17. PREACH IT, DURKERMAKER

you know the score :thumbsup:

[OhioChick]

21. You're absolutely right n/t

[JustABozoOnThisBus]

10. You say OPPORTUNITY, I say BOHICA .. nt

[snot]

11. NDTV India reported as follows:

. . . that the U.S. is lifting restrictions against the export to India of sensitive nuclear weapons technologies so as to benefit U.S. companies selling same, and that it's probably only because we're in such bad economic shape that we're now willing to do it.

[provis99]

13. Its amazing what flat-out lies our leaders will tell us.

Yet we stupidly vote them in again, believing every word they say.

[durkermaker]

15. on election day, the choice is free trade vs free trade

in my opinion, no choice at all

you're playing against a deck stacked by a plutocracy

[Little Star]

16. +1

[Iowa]

19. Yep. Exactly right.

[pampango]

14. The EU must believe it, too. They're negotiating a trade deal with India that goes beyond anything

Obama has on the table.

http://www.europarl.europa.eu/sides/getDoc.do?language=EN&type=IM-PRESS&reference=20090325IPR52628

[Safetykitten]

20. Math time kiddies. 50 thou jobs minus 50 thou technology and 50 thou offshore...

That new math from the seventies.

[durkermaker]

22. for years, you've had to go to Indian media to get the truth about what our 'leaders' say about outs

outsourcing, because our own media usually censors it, and our leaders never talk to US about it, only India

and we're so used to being treated this way that we dont even notice it anymore