[hedgetrimmer]

Why is everybody over in India warning them about backlash?


Steve Clemons (R), Executive Vice President of the New America Foundation speaks next to Narayana Murthy, Chairman of Infosys Technologies Ltd, at the annual conference of India's software lobby body NASSCOM, in Bombay February 5, 2004. Clemons said the fact that the U.S. economy was growing without a commensurate creation of new jobs was causing great public turmoil and leading to the backlash against outsourcing services jobs to places like India. REUTERS/Punit Paranjpe

[Paul Ross]

Why is everybody over in India warning them about backlash?

The Trade Rep realizes that they might actually be able to use the growing political tidal wave in the U.S. against Cato and the Free Traitors to jawbone India into doing what it has only given lip-service to date for: opening up its markets to U.S. goods. It is their last shot at making 'free trade' work before they are either boosted out of office, or trade war in earnest is forced by a protectionist congress. Change is coming.

[alrea]

poor business conditions caused by tax, regulation, and litigation costs used to get votes for politicians that want to increase tax, regulation and litigation = backlash