PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neeka who wrote (400977)	5/1/2003 1:00:22 PM
From: DuckTapeSunroof	Read Replies (1) of 769667

Re: "The US is ahead of the curve in regards to the notion that just handing out money year after year hasn't done much of anything but line a few pockets." >>> IMO, one of the best things the Bush admin. has done is articulate the argument (mostly talked about by the former Treasury Director last fall) that most foreign aid spending over recent decades has been ineffective in achieving national goals, has been wasted, mis-spent, and diverted to Dictator's bank accounts. >>> The available evidence for this appears to be 'spot on'. >>> On the other hand - just so we understand reality - it also is true that the the US's aid giving ranks near the bottom of of the amounts given by other donor nations... measured against the size of our economy. >>> Traditionally (not just for the US, but also for most donor programs) foreign aid has served more as a 'trade promotion device', than as strictly charitable aid. >>> (For example: donations of American wheat serve to reduce costly stockpiles of subsidized wheat... so that serves to support American farmers by helping to increase the domestic price for their commodity.)

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