In the recent decade, Latin America has shown some distance and even anger with the United States. President Hugo Chavez has been one leading the charge, but many others have sought to reduce American presence. Despite this attempt for independence, U.S. economic problems are having massive effects on Latin American nations. Dropping oil is bound to hurt nations like Venezuela. NY Times has an article:
"From Gleeful to Fearful in Latin America"
By ALEXEI BARRIONUEVO and SIMON ROMERO
SÃO PAULO, Brazil — As America’s financial crisis was gathering speed, Brazil’s president seemed dismissive, almost gleeful, about the troubles up north.
“What crisis?” said the president, Luiz Inácio Lula da Silva, when asked last month about the financial maelstrom. “Go ask Bush about that.”
Like a number of South American countries, Brazil had been flashing a newfound confidence, one born of a deliberate push to decrease political and economic reliance on the United States. But on Monday, shortly after Congress rejected a proposed $700 billion bailout package, Mr. da Silva struck a very different tone, saying in his weekly radio address that Brazil was not immune from the spreading woes after all.
Read Full Article NY Times
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