Aid to Africa

President Bush announced today that the US would double its aid to Africa by 2010. I think Bush was exactly right when he said that aid alone is not going to do anything. Hopefully countries pooring aid into Africa can find a way to make the leaders accountable for their spending. Aid is not the answer it only amounts to welfare payments, which these states become dependent on. For Africa to thrive they need significant foreign investment, which will not come until there is some stability.

Unfortunately most americans react one of two ways to foreign investment. 1. I don't want to lose MY job to a foreigner. 2. Foreign investment is just a corporate rip off. I wonder if people begrudge foreign companies for investing in America? Africa, the Middle East, parts of South & Central America & Asia will not prosper or be able to get themselves off of international welfare until they attract foreign investment. They will not do that until there is stability and protections for corporations willing to invest there money in these regions.