American exceptionalism? The American Dream?
Maybe for a few.. According to the financial times the Grameen Bank has opened up a branch in New York to provide microcredit to the American poor.
Don't get me wrong I'm all in favor of helping the poor but shouldn't America, the richest county in the world, be able to take care of its own poor?
Also, providing credit to Americans just doesn't seem like a good idea. The rest of the world was scammed out of a lot of money with the recent housing bubble, does anyone really want to give more credit to people who apparently can't control their own consumption? And do Americans really expect to be able to borrow their way out of debt?
Saturday, February 16, 2008
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