Tuesday, February 08, 2005
Iraq saves trade talks
I read an article on the Australian which stated that the US is going into too much debt due to the war in Iraq and so to save money they decided to reduce farm subsidies. However, don't get too excited, they only increased them to unfathomly high level so they would have something to offer in the defuncting Doha round of trade talks. Because they hardly even got started, they couldn't get any leverage by offering this, so to stop this complete immoral waste of money, they had to "waste" this reduction and get little political mileage from it. Hah. Hah. That'll teach you not to go around country building when there's worse ways to waste your money.