South America Laughs At US Creditor Status

[Kathianne]

I hope they don't pull a reverse sphere of influence, Monroe Doctrine type of thing on us.

http://www.reuters.com/article/2011/...76J09H20110720

Role reversal: Latin America taunts US on debt woes
2:19pm EDT

* Some Latin American presidents mock U.S. for debt woes

* Worries about contagion; Brazil now a U.S. creditor

By Brian Winter

SAO PAULO, July 20 (Reuters) - After three decades spent battling their own debt crises and getting constantly lectured about them by Uncle Sam, many Latin Americans are watching the countdown to a possible default in Washington with a mix of schadenfraude and fear of what a collapse might mean for them.

For everybody from presidents on down to street vendors, seeing U.S. politicians argue over where to make painful budget cuts has also been a reminder that those days are over in Latin America. For now, at least, as most of the region enjoys an era of economic prosperity and comparatively tiny deficits...

Obama has certainly made the world take note of our 'changes'. Sigh.

[fj1200]

I hope they don't pull a reverse sphere of influence, Monroe Doctrine type of thing on us.

Obama has certainly made the world take note of our 'changes'. Sigh.

Meh, they're just jealous. Besides, I'm sure we're a "creditor" of Brazil as well.