July 25, 2006

Bush Blows Another $96 Billion To Save His Sorry Ass

Everything is connected:
Trade experts on both sides of the Atlantic say the Bush administration's unwillingness to risk alienating Farm Belt supporters with cuts in agricultural subsidies was a key factor in the collapse of weekend talks in Geneva...

The so-called Doha Round of World Trade Organization talks was aimed at securing agreement on what the World Bank estimated would have been $96 billion in lower tariffs, subsidy reductions and other steps designed to stimulate trade. That proposal itself was sharply scaled back from earlier efforts.


Blog Archive