bring it on...
Shaking a few comments loose here...
@Dustin: Asian countries depend on US consumerism
*YES*, and how many US corporates make 5hit-loads of money from hidden investments in Asian companies? Most large corporates (any country) would happily sell out their country as long as they were at the top of the pile. Preston Blake only exists in fiction (Adam Sandler: Deeds)
@Lee: US citizens get cheaper goods
*YES* , because they couldn't give a rats ass where it comes from as long as its cheap, and no they don't care if American jobs are lost, as long as *they* have *their* job. Once they lose theirs, then they bitch and moan like no tomorrow.
The tipping point is when the 'invisible earnings' from financial products evaporates and the sham of being an importer nation is revealed in all its wonder - like October 2008.
*YES*, but India buying up Chinese weaponry doesn't worry the White House, it worries the Pentagon - not because the Chinese stuff is better, it just means the top brass will miss out on top jobs with defence companies when they retire early.
And since Pakistan has US military technology, India will want to play chessboard over Kashmir with Chinese technology? Yeah, right.
@Gumby: keeping moolah offshore / low tax
*YES*, but its the same for most companies. Could be argued to drop the tax take a little then hammer the companies if they still don't play ball. Could also be argued the US Govt squanders money like its pumping it out of firehoses down the drain... search google for the trillions that has vanished from the federal budgets.
India, huge internal market, but no-one is buying outsourced services because they *don't need them or don't want them*. India *needs*, as in desperately needs Western IT outsource business otherwise they'll fold. Hence Satyam et al are big time establishing onshore resources in Western countries, hell-bent on taking your job in your town: the irony must be well understood in the White House on that score. But the US Govt hasn't the guts to haul back jobs to the US because its permanently on the leash of big companies that do business in other countries.
It will be test of Obama if he makes this stick... maybe because he's a fresh-face from the provinces he doesn't give a rats for the corporate big guns. Can't wait for Cheney to make a comment. The article could have been an indirect dig at Haliburton?