Sunday, June 19, 2011

Yemen faces economic ruin

Even before demonstrators began demanding the resignation of President Ali Abdullah Saleh five months ago, Yemen's future looked bleak.

A third of its people couldn't be certain when they'd next eat. The oilfields that provide 70 percent of government revenues and more than 30 percent of the country's economic activity were expected to go dry in 10 years. Experts even were betting that Sanaa would be the first world capital to run out of water.

But now, with Saleh lying wounded in a hospital in Saudi Arabia after an assassination attempt, the political system paralyzed by armed conflict and disagreements about what should happen to his government, and economic activity grinding to a halt, the future may be now.

America should not spend one penny bailing out a Gulf Arab oil producing country that wasted all its resources and income.

Let Saudi Arabia take care of a neighbor and Arab brother . . . for once.

No comments: