Prime Minister of India joins Cisco in attacking President Obama's tax plan

View video of President Obama explaining his tax plan:
I am extremely proud that American voters elected Barack Obama as President of the United States. With excessive self-interest, in my personal opinion, Cisco issued a disingenuous statement last week that opposed President Obama's tax plan which seeks to kill U.S. tax incentives that outsource U.S. jobs overseas to India. Simultaneously, Cisco refused a request by yours truly to explain in detail its opposition against President Obama's tax plan. So it was no surprise to learn that the Prime Minister of India has joined Cisco in attacking President Obama's tax plan. It appears that India's information technology firms derive 61% of their total sales from the United States according to India's National Council of Applied Economic Research (NCAER). Additionally, the India Times is reporting that Indian IT professionals are slamming President Obama's tax plan because it would hit business coming India's way and many Indians would lose their jobs.

I would like to personally thank and congratulate President Obama for having the integrity and patriotism to stand up to companies like Cisco and its outsourcing of U.S. jobs to India!

Amazingly, the photo caption at left reads: "Indian Minister for Information Technology and Communication Dayanidhi Maran (R) shakes hands with Chairman and Chief Executive Officer of Cisco Systems Inc. John T. Chambers during a press conference in New Delhi, 06 December 2006. Global Data networking company, Cisco Systems today hinted at setting up its manufacturing plans in India, which will include some of its mainline products like routers and switches." It is interesting to note that according to Wikipedia, out of Cisco's 134 acquisitons, only 4 were acquired from outside the U.S. That means Cisco is willfully transfering U.S. technical superiority and know-how overseas to India: Big Players in Chip Design Buy Into India

"When Cisco CEO John Chambers turned up in New Delhi last October and met with the country's prime minister, Manmohan Singh, he announced the company would put US $750 million into its own operations in India during the next few years, much of it to beef up its fledgling chip design laboratory in Bangalore. "Cisco's team in Bangalore claims it already represents the world's largest ongoing developer of custom-designed application-specific integrated circuits (ASICs). We started with ASIC verification in 1999, but today we are designing platforms, which will go in the Cisco products to be rolled out in two years, Johnny Bastian, a senior manager of engineering at Cisco India, told IEEE Spectrum. We began with 3 million gates [on a chip] and have now gone up to 45 million gates. Cisco's managers evidently have decided that it will pay to let Indian entrepreneurs take the lead in some areas."

Related story: Cisco quietly downsizing through outsourcing


What's your take, are you hoping along with Cisco and the Indian Prime Minister that President Obama's tax plan will be defeated? BradReese.Com Cisco Refurbished - Services that protect, maintain and optimize Cisco hardware Contact: Brad Reese | Twitter: http://twitter.com/BradReese

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