« | »

G8 Not Giving Enough To Poor (Dictators)

From a tear-soaked Reuters:

Activists from Oxfam pose as G8 leaders ahead of the G8/G20 summits in Ontario, Canada.

G8 nations to take stock of development needs

By Lesley Wroughton

June 25, 2010

TORONTO (Reuters) – Rich countries came up short on fund-raising promises for poor nations and will meet on Friday to figure out how to direct aid resources at a time when their own budgets are squeezed.

Yes, this along with ‘global warming’ (which is also another income redistribution scheme) are certainly the top issues facing the United States, Britain, Canada, Japan, Italy, France, Germany and Russia.

The Group of Eight nations meet in Huntsville, Ontario, north of Toronto, on Friday, having fallen an estimated $18 billion short of a 2005 pledge to raise their combined aid to the poorest countries by at least $50 billion

We realize that it is futile to ask such things, but exactly where in the Constitution is our government authorized to give our taxpayers’ money to other countries just because they are “poor”?

Canada, host of the G8 and G20 meetings, wants to ensure that donor countries follow through on their commitments.

The hosts also want mother-and-child health and the rebuilding of Haiti from a devastating earthquake to be the focus, officials said.

Why doesn’t Canada show us how it’s done. Their economy is reported to be chugging along. Why don’t they simply pledge to make up the difference?

Haiti was invited to attend the G8 meeting along with Jamaica and some African countries.

Were these representatives told to ‘dress down’? Or will they be showing up in Gulfstreams, and wearing $10,000 suits?

The United States is pushing for more agricultural investment in Africa and has created a fund to boost food production in poorer countries.

Also known as the latest African version of ‘money for palaces.’

The G8 will discuss progress toward meeting the eight U.N. Millennium Development Goals, or MDGs, on poverty by 2015. The group will also review the $18 billion shortfall in reaching the $50 billion total pledged in 2005 at the G8 summit in Gleneagles, Scotland.

The Gleneagles meeting also promised to provide an extra $25 billion a year for Africa as part of the overall $50 billion increase in financial assistance by 2010. Citing figures from the Paris-based Organization for Economic Cooperation and Development, the World Bank said the G8 had provided just $11 billion of the $25 billion for Africa…

$50 billion here and $25 billion there, and soon you are talking about real money. And never mind that after pumping untold trillions of dollars into these very same “poor countries,” all we have gotten in return are more high-living dictators with even more impressive Swiss bank accounts.

But all of this begs the question: when has the ‘international community’ ever lived up to any of its promises? So why should pledges to give away more money to third world dictators be any different?

Except that this is undoubtedly the top priority of the United Nations, which is really just a gentleman’s club for third world dictators.

In a report prepared before the summits, the World Bank urged rich countries to make good on their aid pledges, warning that poor countries were vulnerable to any setbacks in the global economic recovery.

Ever notice how Mr. Obama regularly harps on the false claim that the US uses 20% of the world’s oil while only having 2% of the world’s oil reserves.

But for some reason it doesn’t seem to bother anyone that we provide 17% of the funding of the World Bank and give a portion of international aid far in access to our being only 4% of the world’s population.

[The World Bank] urged rich countries to secure the economic recovery, arguing that the resources of poor states were already overstrained by the last two years of the economic crisis, which has hit exports and worker remittances

Fried said African countries had lost an estimated $63 billion since the global financial crisis began in 2008 through lower export earnings from a collapse in demand and declines in foreign aid.

What will happen to these “poor states” if the US and the rest of the G8 go bankrupt because of their reckless spending?

Don’t we owe it to ‘the poor’ to be more fiscally responsible?

This article was posted by Steve on Friday, June 25th, 2010. Comments are currently closed.

5 Responses to “G8 Not Giving Enough To Poor (Dictators)”

  1. GetBackJack says:

    Tell me again the logic behind why we’re supposed to Give Anybody Anything?

  2. Chuckk says:

    Welfare for despots and their cronies.

  3. Right of the People says:

    Eff ’em.

    • JohnMG says:

      And the white(guilt) horse they rode in on!

      Show me ANYTHING a black African has run successfully. Even in this country.

  4. fallingpianos says:

    …the World Bank urged rich countries to make good on their aid pledges, warning that poor countries were vulnerable to any setbacks in the global economic recovery.

    Yeah, ’cause we all know rich countries are never affected by economic downturns.

    [The World Bank] urged rich countries to secure the economic recovery, arguing that the resources of poor states were already overstrained by the last two years of the economic crisis…

    Would this be the same World Bank that just gave its employees a raise in the midst of this economic crisis? You think any of their employees would be willing to part with a few of their own dollars to help the poor?


« Front Page | To Top
« | »