Business Daily from THE HINDU group of publications
Monday, May 04, 2009
ePaper | Mobile/PDA Version | Audio | Blogs

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Opinion - Letters
Short of expectations

The first 100 days of the US President, Mr Barrack Obama, have fallen short of expectations. On the economic front, Mr Obama is adopting a no-nonsense approach. He has introduced stimulus plans, bailed out automakers and banks and plans more stimuli. But, protectionism is a factor of Mr Obama’s policies that would come to haunt him. The spirit of free trade and the benefits thereof are stripped to consumers worldwide because of this, but other nations too practice protectionism, including India. But, that can be no reason for the US to practice the same, being a world superpower.

Curbs on offshore hiring, visa restrictions do not augur well for world business, especially at this juncture. Overall, Mr Obama’s deeds have been weak and reactive. And, for India, we have more reasons to worry than rejoice.

Sudha Desikan, Tiruchi

More Stories on : Letters | Politics

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page




Stories in this Section
Corporal punishment of children must end


Food for thought
Assessing the external sector
Koodankulam sets off chain reaction
God is about to appear
Causality
Short of expectations


Smartbuy



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line