Geitners trip to India - A Recap
http://www.washingtonpost.com/wp-dyn/content/article/2010/04/06/AR2010040600640.html?hpid=moreheadlines
"few specifics were disclosed" Let me enlighten you on the undisclosed specifics. US companies are going to lay off American workers and move the work to India. OK.... Everyone agree??? Good....shake hands. Smile for the cameras. and we are done.
"Indian Finance Minister Pranab Mukherjee invited U.S. companies to invest in the fast-developing country's booming construction industry" Thanks that will help the USA.
"the country's infrastructure could absorb up to $600 billion in foreign investment over five years." Thanks that will help the USA.
"India permits 100 percent foreign investment in road building." Feel free to build an Indian road.
" But it has long restricted many other forms of foreign investment, (PROTECTIONISM) including importing wine, opening retail chain stores and credit and insurance investments" In other words they won't buy our sh*t. They will only import our jobs. Everything else is protected through protectionist policy's that we are not allowed to partake in. Sounds fair to me.
"And I think we have a chance to demonstrate together this economic relationship offers very promising growth and opportunities for American firms just as it does for Indian firms." Nowhere does he mention a benefit to the American worker. The American workers are free to f*ck themselves. The firms will make out like bandits.
"U.S. private investment here is worth $16.1 billion" That is 16.1 billion that used to be used to pay American workers who now sit in the unemployment line. What a great deal.
"few specifics were disclosed" Let me enlighten you on the undisclosed specifics. US companies are going to lay off American workers and move the work to India. OK.... Everyone agree??? Good....shake hands. Smile for the cameras. and we are done.
"Indian Finance Minister Pranab Mukherjee invited U.S. companies to invest in the fast-developing country's booming construction industry" Thanks that will help the USA.
"the country's infrastructure could absorb up to $600 billion in foreign investment over five years." Thanks that will help the USA.
"India permits 100 percent foreign investment in road building." Feel free to build an Indian road.
" But it has long restricted many other forms of foreign investment, (PROTECTIONISM) including importing wine, opening retail chain stores and credit and insurance investments" In other words they won't buy our sh*t. They will only import our jobs. Everything else is protected through protectionist policy's that we are not allowed to partake in. Sounds fair to me.
"And I think we have a chance to demonstrate together this economic relationship offers very promising growth and opportunities for American firms just as it does for Indian firms." Nowhere does he mention a benefit to the American worker. The American workers are free to f*ck themselves. The firms will make out like bandits.
"U.S. private investment here is worth $16.1 billion" That is 16.1 billion that used to be used to pay American workers who now sit in the unemployment line. What a great deal.
posted by res17 at
April 06, 2010
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