Thursday, November 4, 2010

President Obama's visit to India

You can't turn anywhere these days without seeing another article about President Obama's upcoming visit to India - ranging from

Seems to me to be a reversal of roles in that Obama is the one who is seeking help from India. Note that he is traveling with a 250-member team that includes a who's-who of American business. These are heads of corporations whose revenues are higher than the GDP of several countries - including Jeff Immelt (GE), Jim McNerney (Boeing), Indira Nooyi (Pepsi), Terry McGraw (McGraw Hill), and others. Their mission is seek sales orders for everything from aircraft engines, to nuclear reactors, to power plants. The underlying message is, "Do not take our jobs, take our goods." Clearly, they are hoping that the tremendous opportunity for goods and services that India offers will make a dent in US unemployment.

My question is what are they offering in return ...

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