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To help stabilize the region, the President promised to ultimately leverage $1 billion for economic development inside of Jordan, in response to global spikes in commodity prices.
The aid deal includes "mobilizing several hundreds of millions of dollars through OPEC," the President said, after noting that "The American people feel great affection for the Jordanian people."
There's also a direct drop of crops: "We are going to be providing 50,000 metric tons of wheat to Jordan," President Obama said.
Does this deal of Obama's mean that he's giving a billion US dollars away to Jordan, or is he pushing OPEC to give THEIR money to Jordan?
The aid deal includes "mobilizing several hundreds of millions of dollars through OPEC,"
"We are going to be providing 50,000 metric tons of wheat to Jordan," President Obama said.
There's also a direct drop of crops: "We are going to be providing 50,000 metric tons of wheat to Jordan," President Obama said.
Wheat crops in the U.S. Great Plains are showing signs that production may plunge more than the government forecast last week as hot weather and a lack of rain erode plant quality and force farmers to harvest early.
As of May 15, U.S. winter-wheat was in the worst condition since 1996, with 44 percent of fields rated poor or very poor by the government. The National Weather Service estimates rainfall in the past two months was less than half of normal in much of Texas, Oklahoma and Kansas, where insurance adjuster David Reed said he’s had 300 farmer claims for drought damage in his area this season, already 10 times more than last year.
"All of this will help to stabilize the cost of living and day-to-day situation of Jordanians
In spite of this, donors continue to provide food aid in the form of cereal.
about $1 billion for economic development inside of Jordan..........So we're very happy to be partnering with His Majesty on that issue.
Originally posted by lokdog
Thats the scary part of free trade in the USA. Im not sure the US wouldnt export its ag products to the point of American people starving. If the Chinese pay top dollar for corn and soybeans, it would go there instead of feeding people in the US.