Thursday, July 28, 2011

Blessing or Curse?

This headline hit the news today:

U.S. report recommends ending loan guarantees to Israel at end of 2011

Report says U.S. diplomats have difficulty mustering support for Obama administration's policies, implies the embassy failed completely in its PR efforts during the Obama administration.

An internal report of the Office of Inspector General for the U.S. Department of State recommends terminating the U.S. loan guarantee program to Israel at the end of 2011.  

Read it all here; http://www.haaretz.com/print-edition/news/u-s-report-recommends-ending-loan-guarantees-to-israel-at-end-of-2011-1.375633

So with the U.S. economy in the tank, confidence in the U.S. government waning, and talk of a U.S. default on the horizon while Israel's economy has been one of the strongest in the world....should this news be interpreted as a blessing to Israel...or a curse?      

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