The private airline industry in India has really taken off. The airports are not set up to increase the sudden increase in volume of passenger traffic. But there is a lot of building activity in India. Building of new office buildings, new housing complexes, new shopping malls, new highways, metros and yes indeed new Airport buildings. This increase in building activity has created the boom that we hear of. I have to go back to India again due to the demand in tech transfer.
Seeing all this, I feel very grateful that the Indians have at last taken a cue from the US in shaping their economic model along the lines of the US. Unfortunately, the US is slipping back to the situation India was in the early 1960's where politics dominates the scene. With the jobs report out today, the partisan bickering has become very harsh as evidenced by the Republican press conference. What baffles me is why Obama is not pointing the attention of this nation to the fact that the Bush tax cuts which have been in effect since 2001 and extended by him have failed to produce the job growth. He also needs to focus the nation's attention to the optimum level of taxes necessary to achieve what we all have experienced, which is the "Clinton boom." The Clinton boom had some key elements of which some are the levels of taxation, the degree to which the US made commitments to the world nations with regards to contributing to the military to ensure security etc. It is encouraging to see that Europe is now taking responsibility to restore the economic health of European nations such as Greece, Portugal etc. Militarily we also see Europeans taking responsibility such as in Libya.
I am listening to this moron on CNBC as I am writing to you. This lackey of the rich is saying that the Govt. needs to stand down so that the private sector can stand up. My question is that didn't Bush stand down for 8 years? And when he did so, what did the private sector do? Took all the jobs overseas, laid off American workers by the millions and caused the biggest collapse of the US economy. So I do not understand why these folks continue to mouth off these arguments that have been proven to be a failure. We need to look at the Clinton boom to understand what is it he did to cause the boom. And based on that we need to recalibrate ourselves. |
