Is your business involved in any type of offshoring or manufacturing overseas?  Well, we know this is a hot topic for lots of our South Asian business owners, so we thought we’d dive in and explain the differences in opinion expressed by Senators Obama and Clinton over the past few days.

The main question is this - Who should I choose as a democratic candidate if I am currently manufacturing (or developing) my product offshore?  Who will best support my business model?  Maybe this will help you a bit…

Clinton - In her economic speech today, Clinton reinforced her stance on bringing the manufacturing sector back to the united states.  She feels the dependency on other countries puts the US in a crutch, and forces our economy to fluctuate based on others’ economic output.  She also feels that the solution to the economy is a job stimulus plan.  In order to bring jobs back to the states, she feels that we need to regulate the ability to utilize offshore and overseas manufacturing opportunities, therefore bringing those jobs back to the US.  She also believes heavily in governmental intervention, where the government should fund Health Care and other social plans.

Obama - Obama’s economic plan has encouraged and applauded offshoring of technology and manufacturing from day one.  His campaign believes if the U.S. continues to create equal dependancies of trade and manufacturing to overseas countries, it minimizes the threats we face around the globe.  Think about it, if China, India, Russia and other countries have a bigger stake in the U.S., they are less inclined to pose war and conflict against us.  He also believes that the solution for stimulating jobs is not to kill the offshoring industry, but rather to flourish it, and include the US in a more global economy.  Equalization and globalization helps promote world peace, in Obama’s eyes.

So there you have it…If you are a small business, you essentially have nothing to worry about if either candidate were elected.  However, if you are a big company, with solid operations, development or manufacturing in India, China or another overseas country, then you might be in for some tighter regulations and higher fees with Clinton.  Both democratic candidates have valid points, with very different points of views.  Obama definitely creates his strategy from a foreign policy standpoint, while Clinton is more focused on driving change within the country and relying heavily on the government for support.

We have not decided yet who we support as a Democratic nominee, but one thing is for sure.  We are in for a huge CHANGE.

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