SOUTH VALLEY--The President of El Salvador was speaking this morning at the Hispanic Cultural Center about the Central America Free Trade Agreement. There were about 40 protestors there to greet him. For an excellent summary of the economic problems of El Salvador and how CAFTA fits into the picture I recommend the following article on the Global Exchange website reprinted from the Chicago Tribune.
Let me point out a few isolated factoids from the article:
- El Salvador is the only other country in this hemisphere with troops still in Iraq.
- More money is made from immigrants to the U.S. sending money back to El Salvador than anything else, including coffee.
- The top 20 percent of the population controls 58 percent of the wealth; the bottom 20 percent controls 2.4 percent.