Democrats’ surge in US puts IT, BPO firms on edge

[OhioChick]

Posted online: Thursday, November 09, 2006 at 0125 hours IST

In a major setback to US President George W Bush, the opposition Democratic Party on Wednesday took control of the House of Representatives for the first time in 12 years and made gains in the Senate, in Congressional elections largely seen as a referendum on the Iraq war.

The White House conceded that Democrats had won after US media predicted major gains by the opposition party.

The Democrats’ win is of concern to India’s IT-ITES sector since the backlash in the US was originally started by Democrats during the 2004 Presidential elections. In October, 2006 mid-term polls, many senators like Sherrod Brown in Ohio and Bob Casey in Pennysylvania won their seats on the back of anti-outsourcing rhetoric.

Currently, the US contributes about 67% of all IT-ITeS export revenue, which may fall if legislations against outsourcing are introduced in the US.

http://www.financialexpress.com/fe_full_story.php?content_id=145960

I hope the Dems do something about this outsourcing BS......

[Vinca]

1. The people have spoken. nt

[William769]

2. Me too!

[rpannier]

3. Go to it guys

You said you were gonna do something about it...Now do it.

[Joe Bacon]

4. Casey and Brown are NO friends of SHAFTA

I fully expect them to come out swinging against outsourcing!

[xchrom]

5. what's good for our people is some how bad because

it threatens india and india's economic growth that happens at our expense?

more republick party good and democratic party bad hit pieces.