US President George Bush has joined his top diplomat in suggesting that the growing prosperity of India's large middle class is contributing to rising food prices around the world.
"...the more prosperous the world is, the more opportunity there is," he said commenting on the economy during a visit Friday to World Wide Technology, Inc. in Maryland Heights, Missouri. "It also, however, increases demand."
"So, for example, just as an interesting thought for you, there are 350 million people in India who are classified as middle class. That's bigger than America. Their middle class is larger than our entire population.
"And when you start getting wealth, you start demanding better nutrition and better food. And so demand is high, and that causes the price to go up," said Bush joining his top diplomat Condoleezza Rice in suggesting India's role in the world food crisis.
I read an interesting post regarding this at bloggernews
What should the Indian middle class do? Should he give up the prosperity and return back to the fold of backward nations? Or should he look for statistics to find out how much food the prospering Indian Middle class gulp down in the form of Pepsis, Coca Colas Mac Donalds.
These Indians drink, on average, nine servings of Coke products per year. Has George Bush forgotten that few years back there was an agitation in India in which it was alleged that the 68 Cola plants in India has caused a water shortage in many parts of India? In Varanasi, alone, Coke draws an estimated 158,503 gallons a day. In fact the Colas have a market of 300 millions of middle class Indian, incidentally equivalent to US population
And what about the expenditure of these middle class Indians who help US economy by buying Levis ,Reebock ,Adidas to name a few.
Indians have right to grow their food and give preference to their own country men instead of selling to countries busy in selling nuclear arsenals ,oil and other things.
Saturday, May 3, 2008
Indian middle class causes food price rise : Bush
Saturday, April 19, 2008
Monday, April 7, 2008
Saturday, April 5, 2008
Clintons earned $109 Million!!! Bush can make even more
Sen. Hillary Rodham Clinton and former President Clinton made nearly $109 million since they left the White House, capitalizing on the world's interest in the former first couple and lucrative business ventures.
The Clintons reported $20.4 million in income for 2007 as they gave the public the most detailed look at their finances in eight years. Almost half the former first couple's money came from Bill Clinton's speeches.
George Bush can make even more as he is famous for all the things he has done during his two terms. His Bushism ,Iraq war and other point of view would make him great public speaker. The most hated are the ones who make more money a.k.a. Paris Hilton and Britney Spears. And Bush has a comical image too. May be he could take some public speaking tips from our very own Laloo Prasad Yadav.
Tuesday, June 5, 2007
US President George W Bush has said Russia has nothing to fear from a missile defence system to be built by the US, partly in eastern Europe.
Mr Bush said the Cold War was over and Russia was not an enemy of the US.
The president was speaking during a visit to the Czech Republic, en route to the G8 summit in Germany.
Russian President Vladimir Putin has threatened to aim weapons at Europe if the shield is set up, in comments seen as reminiscent of Cold War rhetoric.