Fox News has been showing President Obama’s speech throughout the day. Obama says that he is going to raise the taxes on those companies who ship their jobs outside the border to countries like India and china.He also says that american kids should be mentored well so that they can take on to the “lads from bangalore and beijing”. Obama’s speech was full of contradictions and he’s just trying to cover the deeper revelations that awaits in next few years. Many americans don’t know and don’t give a damn to what is happening with economy. They care about the economy only when they are turned down for loans, mortage or credit cards.They care when their credit score dives down rapidly for using too much credit.History says that after 19th century, every major international problem has the american factor attached to it. The wars in last two decades, economic crisis ..everything. Jesus…That’s why most people don’t like americans. Well ,people like McDonalds,KFC and Pepsi but not american people.
Alright coming back to the main issue.what exactly is Obama hiding? well he is not saying how exactly he’s going to bring back the jobs from asian giants. How exactly he’s goin to improve the debt condition.Right this momemt ,public debt is around $40,000 per american. That’s lot of amount. American banks are sending out huge amounts to infrastructure companies in china and service industries in india. After all they can lend money to only those people who can pay back the money..right!! And there’s only two countries which have the ability to pay back massive loans and have negligible public debt- India and china. Let’s suppose that Outsourcing is shut down..what will happen? Banks like american express, Bank Of America, Washington Mutual will not be able to sustain their operations because of cost overruns. Auto companies like GM are already taking a beating and are pleading for stimulus.They are trying to cut down expenses and raise the profit margins.Asians are providing “quality service” under a very cheap rate. Their Railways, airlines, Telecom, Banking, even retails are managed and maintained from Off shore locations. It’s the social, economic and technical network and one Obama will never be able to de-tangle it. If they try to withdraw it then they are sealing their fate…they will never be able to recover. One after another the big american companies will fall like dominos.
Personally i don’t have much appreciation for americans. They are the worst of modern human race. But given the fact that much of our clients are americans…so can’t help it. I would like to do business with europeans rather than americans. In larger ways, they are always part of the problem..for them and for others…And when it comes to fix the problem they only think about themselves.
Their leaders are just making fool of them. What they don’t know is within next 2 years their household debt will increase to $100,000. They talk about protectionism..keeping everything within their boundaries. It’s gonna worsen the situation. What they should be saying is building partnership to get support at this crisis. Distribute manufacturing and services to enhance productivity and quality. That will put the sale on upward curve.Sale means profit.simple Economics.Cut down extra spending on irrelevant bills and unnecessary projects .But the americans don’t want to sit tight. It’s no more 1980s and 1990s.If you cannot buy Burgers and pepper soda then buy a pack of noodles. Minimize the use of credit. That will give lot of breather to Banks. Man! all simple things, just need some dedication and understanding.
I will not be surprised to see if one fine morning americans start yelling socialist slogans and head out to get communist bangel or che Guevara tattoo.