Obama "Fast Tracks" Offshore Outsourcing:

The United States has announced a new programme to fast-track high-technology trade with India from which General Electric's India division will be the first Indian company to benefit.

"This is an important step in enabling a more rapid and efficient flow of sensitive technology between India and the United States," US Secretary of Commerce Gary Locke announced at the US-India Business Council's 34th Anniversary "Synergies Summit" Wednesday.

"This is an important step in enabling a more rapid and efficient flow of sensitive technology between India and the United States," Locke said.

"It also is a significant effort to build trust between the United States and India. We're looking forward to reciprocal actions from our partner," he said encouraging other Indian firms also to take advantage of the programme.

Unreal. Here we are with the worst unemployment rates since the Great Depression and they are enabling Stimulus projects to be more easily offshore outsourced.