outsourcing bubble?

While the outsourcing activities have peaked during 2004-08 period, the following political developments and governmental interventions will make this as a bubble!
l There will increasing pressure from Americans in the labor market to employ them first before sending the jobs abroad
l The OBAMA government will grant TAX INCENTIVE to generate JOBS within the country. The government may remove tax benefits and/or add additional taxation on the revenue generated from OUTSIDE USA especially if the revenue is from services (or) labor value added type of work.
l A line item in Obama's budget titled "Implement international enforcement, reform deferral, and other tax reform policies" is the only hint tax experts in the U.S. and in India have had about the policy. The estimates for tax revenues generated by that budget change start at $15 billion in 2009 and goes up to $25 billion in 2012.
l The Government will ask companies (technology companies, mostly) to REPATRIATE the foreign REVENUE DEPOSITS kept outside the country. These companies kept their foreign earning outside the country to avoid high income taxes in USA. Bringing back those investments will provide impetus the stagnating economy through additional research & development activities, increasing manufacturing & distribution capabilities within the country, etc.
l At a time when nearly 5 million Americans have applied for unemployment benefits and another 1.7 million are working part-time jobs because they can't find full-time work, immigration and outsourcing have become key political issues in the U.S. As he stated during his campaign, Obama has made clear during the first weeks of his Presidency that he intends to pursue policy changes to discourage outsourcing and the use of U.S. work visas—especially H-1B visas—that could cost American jobs.