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O for Obama and O for Outsourcing

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					O for Obama and O for Outsourcing Continuing to play the anti-outsourcing card, Democrat presidential front-runner Barack Obama on Wednesday said while America cannot "shy away" from globalisation, it would have to take measures to ensure that jobs are not shipped overseas. U.S. President Barack Obama had barely finished his seven-minute speech decrying a tax code "that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York," when the press reports started pouring out. Headlines referred to the President's plan to close overseas business tax loopholes as a 'tax on outsourcing' and proclaimed that he was taking direct aim at Indian offshore outsourcing firms--and the American companies who hire them. Misconceptions about offshoring and outsourcing littered their initial analysis of Obama's plan. "We have to stop providing tax breaks for companies that are shipping jobs overseas and give those tax breaks to companies that are investing here in the United States of America," Obama said in during a debate with rival Senator Hillary Clinton in Cleaveland, Ohio. The Illinois Senator, playing to the gallery of those workers who have been displaced in manufacturing jobs as a result of the North American Free Trade Agreement (NAFTA) and generally to the anti-outsourcing crowd, said he would ensure that every pact the US signs has environmental, safety and labour standards to protect workers and consumers alike. "We can't have toys with lead paint in them that our children are playing with. We can't have medicines that are actually making people more sick instead of better because they're produced overseas," Obama said. At the same time, he said, Americans cannot "shy away" from globalisation. "We can't draw a moat around us." "The problem is we've been negotiating just looking at corporate profits and what's good for multinationals," the African-American Senator said adding, "as President, what I want to be is an advocate on behalf of workers". Facing the heat from US presidential hopefuls who blamed "shipping jobs" to China and India for rising US unemployment, the India Inc had last week launched a counter offensive through the media, telling Americans that the industry is creating new work opportunities for them. But India Inc is not too worried. NASSCOM president Som Mittal sees it as “a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India” as Indian companies in the US pay their taxes there.


				
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