Bush greeted by protests in Latin America

[neoncobra.blogspot]

Yet as the protests demonstrate, anti-Americanism runs deep in Latin America, and many are skeptical (LAT) of this new attention from the United States. Some see Bush’s visit as a weak attempt to counter Venezuelan President Hugo Chavez’s influence. High oil prices have given Chavez the ability to buy some $1.5 billion of Argentina’s bonds and offer to underwrite coca production in Bolivia, among other ventures. In contrast, Bush’s newly-announced aid package and his proposed 2008 foreign aid budget for Latin America are quite modest (NYT). Due to likely congressional restraints, “Bush, particularly on trade issues, probably has very little to concretely offer these countries,” says CFR Fellow Shannon O’Neil in an interview

[CFR]

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