Bush-o-nomics

Blogging after a long time, and this time its Mr. Bush who has provoked(guess this word is a misfit here) me to write.....

I really don't understand why does he have to make economic statements sans any data/info as he very well knows that his every word will be heard on every part of this globe. He was never known for is economic sense and he has just proved once again how comprehensively wrong he is to say that the demand for food in India is causing an increase in global good prices. This is what he had to say....(taken from news bits online and from the Newspapers)

"There are 350 million people in India who are classified as middle class. That's bigger than America ... and when you start getting wealth, you start demanding better nutrition and better food. And so demand is high, and that causes the price to go up," Mr.Bush said, according to a White House transcript.
What I also fail to comprehend is that Mr. Bush, whose words play a pivotal role on the world economics, had such comments about India in front of such elite audience.
These comments have had an impact in India on the political front as well, with our Prime Minister Manmohan Singh's silence over Bush's remarks. The BJP vice-president Mukhtar Abbas Naqvi jumped up to the occasion said "He has got only a few days left in office and at least he should now stand up to protect the country's honour and dignity".
And by the way I really don't think that there are 350 million middle class people in India. Another info from the net.
"McKinsey Global Institute last year estimated India's middle classes numbered only 50 million"
Lets see what he still has in store till an Obhama or a Clinton comes in.
That's all on the world front.
Its really nice to be back home, have taken a day off today as I wanted to be with my sister on her B'day. Will be in Hyderabad for the weekend. Now gearing up to watch the IPL with my dad. Hope Deccan Chargers win.