The Mugabe School of Economics

The United States, running a $2 trillion deficit of its ownn, has pledged $73 million in aid to Zimbabwe and has ironically called for fiscal responsibility in the East African nation. Think about this for a moment, deficit means the United States is spending more than it takes in. The only funds that can be provided to Zimbabwe are borrowed - at interest. There may be a time when these funds approach the value of the Zimbabwe currency: toilet paper.

Obama Pledges $73 Million to Zimbabwe

By Michael A. Fletcher
President Obama announced today that the United States will provide $73 million in aid to Zimbabwe, saying the economically-wracked nation has made progress since Prime Minister Morgan Tsvangirai entered a power-sharing arrangement with longtime President Robert Mugabe four months ago.

"We've seen progress from the prime minister," Obama said, after meeting with Tsvangirai in the Oval Office.

The $73 million in assistance will not be going to the government but directly to services for citizens, Obama said, because "we continue to be concerned about consolidating democracy, human rights and rule of law."

Read More Here: http://voices.washingtonpost.com/44/2009/06/12/obama_pledges_73_million_to_zi.html?hpid=sec-politics

In a country where more than 3.5 million people are homeless each year (more than on quarter the total population of Zimbabwe) and more than 1 in 10 live below the poverty line it is clear that the United States needs assistance of its own.

Nobel laureate Mugabe and Nobel Laureate Krugman's lust for currency manipulation are as explosive as Alfred Nobel's dynamite.