PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Emile Vidrine who wrote (249648)	4/21/2002 12:29:36 PM
From: Emile Vidrine	Read Replies (2) of 769670

Israel Out of Credibility, Money & Time Jimmy Carter explained this morning in NYTimes why Israel is in trouble. "Ariel Sharon['s].. rejection of all peace agreements that included Israeli withdrawal from Arab lands, his invasion of Lebanon, his provocative visit to the Temple Mount, the destruction of villages and homes, the arrests of thousands of Palestinians and his open defiance of President George W. Bush's demand that he comply with international law have all been orchestrated to accomplish his ultimate goals: to establish Israeli settlements as widely as possible throughout occupied territories and to deny Palestinians a cohesive political existence." Jimmy Carter's NYTimes "America Can Persuade Israel to Make a Just Peace" nytimes.com <The Israeli economy is in terrible shape. Government tax collection is down, unemployment is up, and Defensive Wall costs at least $150 million per month. Israeli debt has reached a level TWICE the relative level Argentina had when it collapsed. The only thing that keeps Israel able to wage war on a massive scale with the economy near meltdown is US aid and Israeli bond sales.> messages.yahoo.com ict&sid=7088119&mid=467404 <As I mentioned before, 31 % of Israeli bonds are foreign currency denominated. Devaluation means the bond payments go up. The Israeli economy can not continue to function this way, a constitutional amendment is needed, and there has to be peace, or the economy will melt down.> messages.yahoo.com anconflict&sid=7088119&mid=468261 "Growing talk in Europe of trade sanctions, embargoes and boycotts against Israeli goods may already be hurting the local economy. Leora Eren Frucht examines just how serious the potential consequences could be." jpost.com

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