Singh definitely is a socialist idiot and I do not see why we should ally with socialists. Singh was not in charge of freeing up India's markets. That was done by several cabinet positions. Singh's sole job was to take orders we gave India for saving them through the IMF and pass them on. He messed up and India was a horrible place in 1996 and even early 1999. By 2001, it boomed.
I recall Singh's Congress Party protesting privatization when I was there during the period it boomed. Wikipedia shows that Singh has also allied with the Communist parties. He is pure evil and anti-American.
I think you are talking about yourself. Not only are your facts totally wrong, your mumbojumbo economic theory is very amusing. You posts are proof that you are a complete idiot.
“India has more than $1.1 Trillion in debt. That is huge.”
You know.....I am at a loss. I totally don't understand where you get these bullsh!t figures. Do you produce these figures out of your anus?
India's external debt is US$326 billion dollars not $1.1 trillion.
http://www.indianexpress.com/news/indias-external-debt-at-317-bn-in-q1-fy12/854044/
Dont forget India has an USD$400 billion reserve foreign currency. India can pay off the external debt overnight. These debts are merely a trading of currency assets.....that is switching dollars for rupees or vice versa.
India's GDP is US$1.6 trillion. With 8% annual growth rate India adds US$130 billion each year to the GDP. The US$326 billion debt is really peanuts.
Btw DBRS and S&P actually upgraded India’ credit rating...
http://www.thehindu.com/business/Economy/article2132281.ece
http://www.independent.co.uk/news/business/news/india-credit-rating-is-raised-by-sampp-434438.html
Remember S&P? The same S&P that downgraded America's credit rating?
http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-idUSTRE7746VF20110806
Now what have you got to say? Do you still have more BS to come out of your rear?
“And if you look at the ratio of per capita debt to per capita income,”
Yeah? Tell me about the ratio. India's percapita debt is around US$300 and percapita income is US$1527. US percapita debt is same as US percapita income (US$46884). Do the math, get back to me and tell me who has better ratio.
What “several cabinet positions”? You got any names? You are so good at throwing lame ass words around that don't mean a thing.
Singh was the most qualified person in the whole cabinet. Unlike the rest of the cabinet, he was an academic not a politician. He was hand picked for the job. Finance ministry is his niche. No one else understood that job better then him.
Between 1996 to 2004 the Congress was not in power. Singh came back to power in 2004..... and this chart will show you how India's economy boomed since 2004.
http://taxguru.in/finance/inflation-shadow-is-part-of-higher-gdp.html
“Singh definitely is a socialist idiot and I do not see why we should ally with socialists.”
Says the one who lives in the country run by a Marxist. You make me laugh. If Singh’s “socialism” produces 8% growth rate, maybe US could use some of that “socialism”. That is good enough reason to ally if nothing else.
“He is pure evil and anti-American.”
Yes, he is the devil on horse back. Beware of his turban.