Obama "Fast Tracks" Offshore Outsourcing

Remember all of that rhetoric on the campaign trail about outsourcing and trade agreements?

Guess what the Obama administration is doing? Fast Tracking Trade with the most common landing place for your job, India.

The United States has announced a new programme to fast-track high-technology trade with India from which General Electric's India division will be the first Indian company to benefit.

"This is an important step in enabling a more rapid and efficient flow of sensitive technology between India and the United States," US Secretary of Commerce Gary Locke announced at the US-India Business Council's 34th Anniversary "Synergies Summit" Wednesday.

"This is an important step in enabling a more rapid and efficient flow of sensitive technology between India and the United States," Locke said.

Obama's Offshore Outsourcing Corporate Tax Code Change has no impact on offshore outsourcing vendors

You're going to love this one. According to Ernst & Young, Obama's majorly hyped tax incentive he's planning on plugging, which gives an incentive to offshore outsource your job, all of those offshore outsourcing companies will not be affected in the least. Nice huh? All U.S. corporations have to do is create a separate business entity and then contract with that entity to offshore outsource your job.

Can you spell LOOPHOLE?

Domestic business process outsourcing (BPO) units providing services to the American companies will not be affected by the proposed decision of US President Barack Obama to discourage outsourcing by imposing taxes, said global consultancy firm Ernst & young.

Scatonomics Anyone?

Yesterday I poked fun at a commentors bathroom references on current economic policy and coined the term, scatonomics.

But today's Bloomberg article on sanitation in India is enough to make someone.....well, let's just say give me those country of origin food labels now!

With that act, she added to the estimated 100,000 tons of human excrement that Indians leave each day in fields of potatoes, carrots and spinach, on banks that line rivers used for drinking and bathing and along roads jammed with scooters, trucks and pedestrians.

Yuck! Mangoes anyone?

VHP group in India wants to Ban U.S. Products over H-1B guest worker Visas

This one is just too ridiculous. Since when is the United States responsible and must provide a guaranteed employment program for the citizens of India....for guaranteed jobs in the United States?

You getting that? We cannot even get U.S. citizens preferred for jobs in their own country and check out this insanity!

VHP wants India to ban American products over H1B visa issue:

The VHP on Wednesday asked the Indian Government to ban all American products unless the Barack Obama administration amends its decision on H1B visa curbs.

He said the decision meant that lakhs of Indian students studying in various US universities would not get employment there.

''About one million Indians will be made jobless by a single decision of Obama,'' he told reporters here.

India Firing Foreigners, Hiring Local Citizens

While U.S. corporations fire U.S. citizens yet demand even more foreign workers...India is actually firing foreign executives, workers and hiring their own citizens instead.

Expatriate executives, who were the flavour of the season when India was riding high on a 9%-plus growth rate, are now becoming the first ones to get the pink slip as Indian industry, hit by the slowdown, starts looking within the country for inexpensive hires.

GM to Hire 500 in India

Who says hypocrisy isn't in full swing on the hill?

Indian Newpapers are reporting GM to hire 500 new workers for their new India plant and look at the glow of GM hiring while in the United States GM goes begging to not declare immediate bankruptcy:

It may be laying off factory workers in its troubled home market US, but General Motors will be hiring new workers in India at its new plant at Talegaon in Maharashtra as the company expands .

"Recruitment is on at full swing in India and we plan to hire as many as 500 new workers for our Talegaon plant in the coming months," GM India president and MD Karl Slym told TOI.

GM India is a GM subsidiary and GM has already poured $8.1 Billion into India and China.