Thursday, May 8, 2008

Sunday, May 4, 2008

Bush-o-nomics

Most of the countries are facing inflation these days. In India the inflation reached a record high of 7.57 and also many nations are suffering from food crisis. Recently Mr.Bush blamed India and China for consuming nutritional food. India as well as china is experiencing a positive economic growth. So people are earning more money, especially the middle class in India which is the backbone for Indian economic conditions. So when people earn money they have the rights to spend it in their own way. Bush commented that Indian middle class is consuming a lot of nutritional food so as a result of that the food crisis raised in the world. When people have an option to eat good food then why should they go for poor stuff. Until now middle class had no option other than working hard to earn the livelihood, but now with the growing economy good salary brings them the freedom to choose between things, it may be in selecting the food stuffs to eat or in buying a piece of cloth. Until now Americans had many option to choose for each thing, but when others(Indians and Chinese) started enjoying the same, the president of United States is condemning it. Bush and Federal bank made a mistake in driving the US economy and they failed to bring it onto right track. Now, they are simply condemning others for their mistakes.

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