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Obama: India Will Help Our Economy

GeoLaureate8
Posts: 12,252
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11/6/2010 10:02:10 PM
Posted: 6 years ago
http://news.yahoo.com...

"By the end of the first of his three days in India, he was promoting $10 billion in trade deals — completed in time for his visit — that the White House says will create about 54,000 jobs at home.

That's a modest gain compared with the extent of the enduring jobless crisis in the United States. Economists say it would require on the level of 300,000 new jobs a month to put a real dent in an unemployment rate stuck near 10 percent.

Yet to Obama, the bigger picture was the lucrative potential of an unleashed trading relationship between India and the United States."
"We must raise the standard of the Old, free, decentralized, and strictly limited Republic."
-- Murray Rothbard

"The worst thing that can happen to a good cause is, not to be skillfully attacked, but to be ineptly defended."
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SuperRobotWars
Posts: 3,906
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11/6/2010 11:08:29 PM
Posted: 6 years ago
People could become sailors, and massive tax refunds . . . ?
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
gerrandesquire
Posts: 1,258
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11/7/2010 11:23:13 PM
Posted: 6 years ago
At 11/6/2010 10:02:10 PM, GeoLaureate8 wrote:
http://news.yahoo.com...

"By the end of the first of his three days in India, he was promoting $10 billion in trade deals — completed in time for his visit — that the White House says will create about 54,000 jobs at home.

That's a modest gain compared with the extent of the enduring jobless crisis in the United States. Economists say it would require on the level of 300,000 new jobs a month to put a real dent in an unemployment rate stuck near 10 percent.

Yet to Obama, the bigger picture was the lucrative potential of an unleashed trading relationship between India and the United States."

Yes, its a win-win for US. it gets jobs, deals, Obama gets a up in the public opinion, and it gets India as its ally which ought to check the rising power of China.

What does India get? US on its side, basically.
Cody_Franklin
Posts: 9,484
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11/7/2010 11:50:19 PM
Posted: 6 years ago
At 11/7/2010 11:23:13 PM, gerrandesquire wrote:
At 11/6/2010 10:02:10 PM, GeoLaureate8 wrote:
http://news.yahoo.com...

"By the end of the first of his three days in India, he was promoting $10 billion in trade deals — completed in time for his visit — that the White House says will create about 54,000 jobs at home.

That's a modest gain compared with the extent of the enduring jobless crisis in the United States. Economists say it would require on the level of 300,000 new jobs a month to put a real dent in an unemployment rate stuck near 10 percent.

Yet to Obama, the bigger picture was the lucrative potential of an unleashed trading relationship between India and the United States."

Yes, its a win-win for US. it gets jobs, deals, Obama gets a up in the public opinion, and it gets India as its ally which ought to check the rising power of China.

What does India get? US on its side, basically.

It creates jobs, certainly. Problem is, creating jobs doesn't always necessarily create wealth.
gerrandesquire
Posts: 1,258
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11/7/2010 11:56:29 PM
Posted: 6 years ago
At 11/7/2010 11:50:19 PM, Cody_Franklin wrote:
At 11/7/2010 11:23:13 PM, gerrandesquire wrote:
At 11/6/2010 10:02:10 PM, GeoLaureate8 wrote:
http://news.yahoo.com...

"By the end of the first of his three days in India, he was promoting $10 billion in trade deals — completed in time for his visit — that the White House says will create about 54,000 jobs at home.

That's a modest gain compared with the extent of the enduring jobless crisis in the United States. Economists say it would require on the level of 300,000 new jobs a month to put a real dent in an unemployment rate stuck near 10 percent.

Yet to Obama, the bigger picture was the lucrative potential of an unleashed trading relationship between India and the United States."

Yes, its a win-win for US. it gets jobs, deals, Obama gets a up in the public opinion, and it gets India as its ally which ought to check the rising power of China.

What does India get? US on its side, basically.

It creates jobs, certainly. Problem is, creating jobs doesn't always necessarily create wealth.

yeah, but its better than having neither job nor wealth. I mean, it might sustain some.

Do you mean people at America don't want the jobs?
Cody_Franklin
Posts: 9,484
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11/8/2010 12:22:28 AM
Posted: 6 years ago
At 11/7/2010 11:56:29 PM, gerrandesquire wrote:
At 11/7/2010 11:50:19 PM, Cody_Franklin wrote:
At 11/7/2010 11:23:13 PM, gerrandesquire wrote:
At 11/6/2010 10:02:10 PM, GeoLaureate8 wrote:
http://news.yahoo.com...

"By the end of the first of his three days in India, he was promoting $10 billion in trade deals — completed in time for his visit — that the White House says will create about 54,000 jobs at home.

That's a modest gain compared with the extent of the enduring jobless crisis in the United States. Economists say it would require on the level of 300,000 new jobs a month to put a real dent in an unemployment rate stuck near 10 percent.

Yet to Obama, the bigger picture was the lucrative potential of an unleashed trading relationship between India and the United States."

Yes, its a win-win for US. it gets jobs, deals, Obama gets a up in the public opinion, and it gets India as its ally which ought to check the rising power of China.

What does India get? US on its side, basically.

It creates jobs, certainly. Problem is, creating jobs doesn't always necessarily create wealth.

yeah, but its better than having neither job nor wealth.

Not really. We could hire 1,000,000 men to dig a giant hole out in Nevada or New Mexico. Not productive, nets no actual benefits, but we pay them to do the job. Overall, it's economically detrimental, leaving us in a worse position than the position from which we started.

I mean, it might sustain some.

Not my concern.

Do you mean people at America don't want the jobs?

Irrelevant to my comments, but there are plenty of jobs in America that people could have, but simply do not want. This is usually because they don't pay enough (though an unemployed person hardly has reason to complain about that), or because the work is physically demanding or otherwise uncomfortable. See: working on farms or in some kind of field in the hot sun or bitter cold.
gerrandesquire
Posts: 1,258
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11/8/2010 5:04:49 AM
Posted: 6 years ago
At 11/8/2010 12:22:28 AM, Cody_Franklin wrote:
At 11/7/2010 11:56:29 PM, gerrandesquire wrote:
At 11/7/2010 11:50:19 PM, Cody_Franklin wrote:
At 11/7/2010 11:23:13 PM, gerrandesquire wrote:
At 11/6/2010 10:02:10 PM, GeoLaureate8 wrote:


Yes, its a win-win for US. it gets jobs, deals, Obama gets a up in the public opinion, and it gets India as its ally which ought to check the rising power of China.

What does India get? US on its side, basically.

It creates jobs, certainly. Problem is, creating jobs doesn't always necessarily create wealth.

yeah, but its better than having neither job nor wealth.

Not really. We could hire 1,000,000 men to dig a giant hole out in Nevada or New Mexico. Not productive, nets no actual benefits, but we pay them to do the job. Overall, it's economically detrimental, leaving us in a worse position than the position from which we started.

How is uplifting trade barriers and selling cargo planes to India economically detrimental? Its creating 22,000 jobs, obviously not leaving people in a position 'worse than it started from'.


I mean, it might sustain some.

Not my concern.

But it should be.^_^

Do you mean people at America don't want the jobs?

Irrelevant to my comments, but there are plenty of jobs in America that people could have, but simply do not want. This is usually because they don't pay enough (though an unemployed person hardly has reason to complain about that), or because the work is physically demanding or otherwise uncomfortable. See: working on farms or in some kind of field in the hot sun or bitter cold.

Ah, but the jobs created as per the India:America deal are not of that nature. They are basically jobs at call centers and working professionals, and people should hardly complain about that, esp. if they need the money.
MikeLoviN
Posts: 746
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11/8/2010 3:07:09 PM
Posted: 6 years ago
At 11/8/2010 5:04:49 AM, gerrandesquire wrote:
Ah, but the jobs created as per the India:America deal are not of that nature. They are basically jobs at call centers and working professionals, and people should hardly complain about that, esp. if they need the money.

Yes but you see, in the western world here we have these wonderful things called unemployment benefits and a trend has started to emerge whereby many people who are unemployed are turning down job offers simply because they pay less than the free money they are receiving in the meantime http://today.msnbc.msn.com... ... only that money isn't actually free.

Welcome to the welfare state... next stop Colossal Deficit.