Latin America finds irony in U.S. bailout

There are 5 comments on the Sep 30, 2008, United Press International story titled Latin America finds irony in U.S. bailout. In it, United Press International reports that:

The turmoil in U.S. financial markets was viewed with irony by many in Latin America, who have been told for years the free-market system was superior.

Join the discussion below, or Read more at United Press International.

david wayne osedach

United States

#1 Oct 1, 2008
Our current financial situation is certainly ironic for weaker countries. But importantly it will effect them directly. This meltdown will be global...
Vangelist

Carmel Valley, CA

#2 Oct 2, 2008
david wayne osedach wrote:
Our current financial situation is certainly ironic for weaker countries. But importantly it will effect them directly. This meltdown will be global...
Sure it can affect the macro economies of many countries especially the ones who are invested in the global markets..

But many people who live with $5 a day max, care little what the THIEVING SPECULATIVE PHONEY MONEY MARKET does. They COOPERATIVELY work for food and shelter...

Now they have many LATIN AMERICAN governments who care about the people and provide services. With good leadership much can be done to those who have little... even with a tight budget.

Since: Sep 08

Alamogordo, NM

#3 Oct 2, 2008
Vangelist wrote:
<quoted text>
Sure it can affect the macro economies of many countries especially the ones who are invested in the global markets..
But many people who live with $5 a day max, care little what the THIEVING SPECULATIVE PHONEY MONEY MARKET does. They COOPERATIVELY work for food and shelter...
Now they have many LATIN AMERICAN governments who care about the people and provide services. With good leadership much can be done to those who have little... even with a tight budget.
great post!!

Since: Jun 07

Bronte, Australia

#4 Oct 5, 2008
Vangelist wrote:
<quoted text>
But many people who live with $5 a day max, care little what the THIEVING SPECULATIVE PHONEY MONEY MARKET does. They COOPERATIVELY work for food and shelter...
It's a pity then when governments emulate that by threatening to, or stealing enterprises from licenced businesses. Theft of goods is quite the opposite from co-operative work to produce them.
Vangelist wrote:
<quoted text>
Now they have many LATIN AMERICAN governments who care about the people and provide services. With good leadership much can be done to those who have little... even with a tight budget.
Evidently then good leadership is not in place in Ecuador, given the deterioration in opportunities and rising cost of basic goods that have occurred over the term of the current government.
Vangelist

Carmel Valley, CA

#5 Oct 6, 2008
The Big M wrote:
<quoted text>
It's a pity then when governments emulate that by threatening to, or stealing enterprises from licenced businesses. Theft of goods is quite the opposite from co-operative work to produce them.
In Ecuador there has been no stealing by the current government... Unfortunately, the same cannot be said about the BUSH!T administration and its CROKED ties to private corporations.
The Big M wrote:
<quoted text>
Evidently then good leadership is not in place in Ecuador, given the deterioration in opportunities and rising cost of basic goods that have occurred over the term of the current government.
There is a global RECESSION and also Ecuador suffered a bad rainy season... In any case, the SOCIAL SOLIDARITY government is providing aid to the agricultural sector and the citizens in most need.

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