President Bush spent most of his radio address talking about three new initiatives that he unveiled in U.S. on Thursday and will discuss at the G-8 summit that are designed to help the developing world. “America is also using its influence to help struggling countries transform themselves into free and hopeful societies. And on Thursday, I announced three new initiatives that will help the developing world,” the president said.
â€œThe first initiative is a new project called the Africa Financial Sector Initiative. This initiative will help bring African nations the technical assistance they need to strengthen their financial markets. And it will encourage the international financial community to create several new private equity funds that will mobilize up to $1 billion of new private investment in Africa. By taking these steps, we can help African entrepreneurs access capital, so they can grow their businesses and create jobs across the continent,â€ Bush said. I would rather see the president take this $1 billion per year and give to entrepreneurs in the United States. Why canâ€™t he make this kind of commitment to the poorest areas of his own nation?
â€œThe second initiative is a new effort to help more of the world’s poorest children get an education. In 2002, my Administration launched the Africa Education Initiative, which has provided about $300 million to improve educational opportunities throughout that continent. Now, with the support of Congress, we will devote an additional $525 million over the next five years to help provide a quality basic education for up to four million children in poor nations. With this initiative, we will help young people get the skills they need to succeed and a chance to achieve their dreams,â€ he said. Bush is going to spend $525 million more to promote education in Africa, but he wonâ€™t provide the funds for health care for 9 million uninsured kids in the United States. This is also the same president whose FY 2008 budget cuts federal funding to U.S. schools by $2.2 billion. His African generosity is offset by his domestic stinginess.
â€œThe third initiative is a proposal to help developing nations meet their growing energy needs while protecting the environment and addressing the challenge of global climate change. Under my proposal, by the end of next year America and other nations will set a long-term global goal for reducing greenhouse gases. And to meet this goal, we must help developing countries harness the power of technology. The United States is investing billions of dollars in clean energy technologies and coming up with new ways to share these technologies with other nations. Through the spirit of innovation, we will help developing nations grow their economies and be responsible stewards of the environment,â€ the president said. Bush doesnâ€™t mention that his long term global goal is voluntary and non-binding. This is just another W. dodge on the issue of global warming.
â€œIn all these endeavors, the American people can be proud of our global leadership and generosity. Our Nation is delivering aid and comfort to those in need. We’re helping expand opportunity across the world. We’re laying the foundation for a more peaceful and hopeful future for all our citizens,â€ Bush concluded. All of this international expansion of opportunity comes at the same time when opportunities, aid, and comfort are vanishing at home. The president actually treats the Third World poor better than he does the poor in his own country. If you donâ€™t believe me, just ask the people of New Orleans. Theyâ€™ll tell you how generous the president really is.
Jason Easley is the editor of the politics zone at 411mania.com. Â His news column The Political Universe appears on Tuesdays and Fridays at www.411mania.com/politics