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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (286009)	8/12/2002 4:02:53 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769667

The loan bails out Citigroup - and other bond holder's - loans to Brazil. (Not coincidentally, the financial services industry is a bedrock campaign contributor to the President's party.) The tariffs on steel buy the President votes in battleground industrial states. The tariffs on Brazil seem to negate much of the benefit of the loans to them: free trade or no action at all would have helped them more than loading them up with even more debt. So, any potential benefit for the US's national interest is washed out by the conflicting actions, and the net effect may in fact be negative to the US... but both actions benefit the President and or his party politically.