President Obama is currently in the process of a 10 day tour around Asia in the hopes of promoting exports and job growth. Some of the deals that are currently in progress include the sale of 30 Boeing airplanes, 10 military planes and sales of GE gas and steam turbines. President Obama also mentioned that other companies like GE Transportation, Electro-Motive Diesel and Caterpillar Inc. were vying for a deal to build railways in India. According to President Obama, these deals, if successful will bring in around $10Bn and over 54,000 jobs.
While these projects sound great on paper some might speculate how quickly these programs can be activated in order to meet the current unemployment problems. Many of these projects are still in the negotiation phase and as a result may take time to develop into fruition.
1 comment:
I think that its great that Obama is bringing jobs to India and more american based companies are becoming more global. However, I think that Obama needs to concentrate with unemployment in the US. And plus some of the jobs created in India could be short term (1-5) years. I think its time to concentrate on our unemployment for the time being.
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