$7B US Tax Dollars on way to Africa
Publisher's note: During his world wind $70M - $100M African tour, President Obama has now promised $7B in aid to the continent for a 'power initiative' claiming it will "...benefit my own nation enormously." It seems that there is no end to the spending from DC and this administration.
Fox News: President Obama, calling for the U.S. to "up our game" when it comes to Africa, on Sunday announced a $7 billion government-backed initiative to increase access to electric power in sub-Saharan Africa.
He unveiled the plan during a speech to students at the University of Cape Town in South Africa, a major stop on the president's tour of the continent.
Obama said the U.S. government would spend at least $7 billion toward the goal of doubling access to electric power, bolstered by investments from private sector partners.
Obama, painting a portrait of a rising Africa, argued that the U.S. should get more involved in its success -- for its own benefit.
"My own nation will benefit enormously if you reach your full potential," he said.