"Bubba" sightings in the international press and selected blogs.

Thursday, December 30, 2004

The New York Times | Editorial: Are We Stingy? Yes

"Fuming at the charge of stinginess, Mr. Powell pointed to disaster relief and said the United States 'has given more aid in the last four years than any other nation or combination of nations in the world.' But for development aid, America gave $16.2 billion in 2003; the European Union gave $37.1 billion. In 2002, those numbers were $13.2 billion for America, and $29.9 billion for Europe."

This NY Times editorial brings in a few cogent facts to support the stinginess claim. Nevertheless, it doesn't go for the kill, as in describing how Ted Turner contributed to the UN to fill-in for the US' large deficit.

The truth of the matter is that the US doesn't really care about the rest of the world because everyone is so busy buying SUVs, 6000 sq foot homes, swimming pools, and really "making it". The US has lost touch with the real world. Continuing on this trend, the US has voted back in (barely) their out-of-touch president. Reality will come down hard in the near term. The current plunging dollar is a precursor of the real plummet to come.

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