BANGLORED

Once more - Politics triumphs over commerce, economics and business sense, and we can safely draw some comfort from the fact that it is not restricted to our brand of Politicians but shamelessly played by others around the world including the US.
The U. S. President Barack ( CHANGE? ) Obama’s recent ranting at a White House event to announce tax reforms by lashing out at U.S. multinationals who indulged in ‘tax avoidance’ by setting up business activities around the world, which is a perfectly legitimate tax planning route exercised by intelligent managements, as opposed to ‘tax evasion’ appears to be misguided and untimely.
To indulge in misplaced rhetoric and bash Bangalore as a metaphor to describe all things from job loss to globalization, merely to score political points for a protectionist agenda is a leadership failure based on half truths not expected from USA.
The warped logic of the Obama argument wherein he states that “American Corporations under the current tax regime pay lower taxes by creating jobs in Bangalore than in Buffalo, New York” has nothing to do with the outsourcing phenomenon which the ‘Politician’ in the President has wrongly targeted at his and US of A’s peril.
That the tax code has got nothing to do with outsourcing and off shoring should be more than obvious to any rational mind with common sense. Private enterprise and business without boundaries is all about globalization and adding wealth for humanity based upon best use of economic resources.
Whether Obama and his limited mission for USA and other world leaders like it or not, India is an attractive wealth creation destination by virtue of its English speaking educated human resources and other economic inputs which attracts commerce to generate profits and wealth. Knowledge available at attractive costs cannot be ignored, hence corporate America and business houses will have to remain engaged with Indians and accept to be Banglored rather than remain Buffaloed (pun intended). Incidentally, if Mr. President succeeds in this stupid policy, it is good news for Indian multinationals for obvious reasons, and may be, India will run past the current global economic slowdown flag post faster than expected. Thanks Mr. Obama!!
Politics and economics don’t mix and it is hoped that Americans do not attempt to achieve it. Bush disturbed the world by unjustified wars on terror in search of fictitious WMD now Obama seems to get involved in another type of fight chasing imaginary shadows based on conjectures and confused thinking.