[.cnI redruM]

So if India reverts to socialism and its economy is destroyed, will that be a bad thing or a good one? Many who fear India from a standpoint of resource depletion or economic competition will at least secretly cheer these results. I don't. If India goes to heck in a hand basket, it only becomes a matter of time before Al-Quaida sets up major operations.

Also, that's hundreds of millions of people who will come to Uncle Sugar Dady for handouts when their socialistic dreams predictably wind up where Ted Kennedy's mistress did. This could be a short to mid-term disaster for the rest of the world. The Left is entirely too stupid to be issued responsibility for large, emerging nations.

[Pikamax]

My feeling is that the reforms started by the previous government has gone too far along for the new one to anything but maybe pay some lip service to the their coalition partners.

[Robert357]

I guess that is one way to stop the outsourcing of the software industry, scare the young educated business leaders to flee the country.

[2banana]

So much to outsourcing work to 3rd world countries...

[neutrino]

Many who fear India from a standpoint of resource depletion or economic competition will at least secretly cheer these results.

Or, as in my case, not secretly at all! (Big grin!)

I don't. If India goes to heck in a hand basket, it only becomes a matter of time before Al-Quaida sets up major operations.

I think not. The Hindus are every bit as fond of the mo-slimes as I.

[lilylangtree]

Same reaction in the US when Pres. Bush was elected.

[governsleastgovernsbest]

Wednesday, November 3, 2004 (CNN) -- Investors in the United States are dumping shares on fears the country's new Kerry-led government will slow or halt the economic reforms that have delivered 5 % percent growth to the world's biggest economy.

The country's biggest stock market, the New York Stock Exchange, closed down 11 percent in Wednesday trading.

That came after it fell almost 16 percent and was closed twice earlier in the day to try to stem the rout.


[Excerpted - click for full article]

[I still care]

People sometimes ask me how I became conservative. What happened was I got married and set up house for the first time while Carter was president.

My first entry into life was accompanied by mortgage rates of 17%, superhigh unemployment rates (unable to find a job even at a grocery store), and finding a box of cereal cost 5 cents more every week I went to the store stayed with me. All of this while being told I was "selfish" and "materialistic", and the US should be ashamed. (Remember the "malaise" speech?)

It's a lesson that stayed with me. I look at superliberal Kerry, and if our personal safety wasn't so much at stake, I would say people need a good lesson of 4 years or so of the wonders of socialistic presidency to make them understand.

[Clemenza]

Bad news for India if Sonia Gandhi, the Italian Communist, sets India on a socialist course. The upshot is that the Indian Parliament is so diverse that gridlock may result if she gets too crazy.

As far as those idiots out there who cheer a poor India not being a center for outsourcing anymore, just remember that outsourcing will continue, if not to India than to China, the Phillipines, Costa Rica, etc.

[ambrose]

Yet many Freepers are cheering the Congress victory in India!

It boggles the mind!

[MonroeDNA]

Electing socialists cause markets to fail.

[Tailgunner Joe]

It's all a vast right wing conspiracy.

--------------------------------------------------------------------------------------------

‘Rightist forces behind market crash’ - The Communist Party of India said the historic crash of the stock market on Monday was a deliberate attempt on the part of the rightist forces to create a scare after the change of the government at the Centre.

"Earlier, the Sensex had been artificially boosted up. The BJP was trying to create an impression that India is shining. It has been shown in the elections that it was hard from the truth," A B Bardhan, CPI General Secretary, said here.

"We realise the importance and usefulness of the stock market in present day economy but we also understand that there are certain forces who are creating the speculation and hype," he said adding, "We are not at all scared of this and appeal to all those who have any doubts that we are for stability and stable economic growth that helps the poor and not only a section of the rich."

Even on the question of disinvestment the Sensex had reacted in a similar manner and, "We want to tell that there is no reason for any scare and warn that such steps should not be resorted to, to influence the economic policies of the new government."

[MukundP]

Foreign investors constitute 2% of total investment in India industry. even if all pull out...the place will not collapse...In fact if the carpetbaggers get out of this panick that would be good in medium term...
The new government is in no position to reverse the policies of last 14 years...Donot see any reasons for this kind of statements....
The days of India begging around for handout are gone foreever....