$7billion to africa we dont have

CAPETOWN, South Africa -- President Obama on Sunday will unveil a new initiative to expand access to power in sub-Saharan Africa, in a speech that will point to Nelson Mandela's work as evidence of the potential for rapid transformation on the continent.

Obama's initiative, dubbed Power Africa, will attempt to double the number of people with access to electricity in sub-Saharan Africa, White House officials said. The president will announce an initial commitment of $7 billion over five years, federal money that will add to private investment and partnerships in six African countries. The first phase will aim to expand access to 20 million households and businesses, officials said.

This is part of a bigger play for influence in Africa between the US and China.

Yeah this $7 billion MORE we're borrowing from china to pay for it, sure will pay off...for them.

And dont give me the technical breakdown, im just saying, we continue to throw money around the world, not to mention at home, already $16.5 trillion in debt, printing trillions more, and real world inflation has continued to climb since the start of the *cough* recovery *cough*. Why do you think gold and other prec metals have been skyrocketing? Anyway, im getting ahead of myself lol

Sir Pun wrote:And dont give me the technical breakdown, im just saying, we continue to throw money around the world, not to mention at home, already $16.5 trillion in debt, printing trillions more, and real world inflation has continued to climb since the start of the *cough* recovery *cough*. Why do you think gold and other prec metals have been skyrocketing? Anyway, im getting ahead of myself lol

Gold is definitely skyrocketing...in the negative direction...

Bryant wrote:This is part of a bigger play for influence in Africa between the US and China.

 That's probably true.  I think also we are worried about how Al-Qaida and other radical Islamic groups are trying to move in and take over parts of Africa. 

Head of US Africa command warns of threat from radical Islamic sect

Trouble in paradise as radical Islam grows in Zanzibar

Radical Islam meets a buffer in West Africa

Perhaps the thinking is that if we help them modernize, they will be more favorable to us.  That's a lot of money though and there are no guarantees.