The President’s abrupt announcement of an imminent détente with the tropical gulag run by the Castro Bros. has sent reporters and pundits scurrying to analyze the broader political implications of this seeming diplomatic breakthrough. On the economic front, the observation by former Mexican Foreign Secretary Jorge Castenda that the cutoff of Venezuela’s oil subsidies to the island nation has forced it to seek another benefactor is undoubtedly accurate. As is the conclusion drawn by the Washington Post’s editorial board that this new policy will in effect-if not in intent-serve as an American bailout of an economy entering the terminal stage of Marxist decline.
The reality of a first world, capitalist-for the time being-nation riding to the rescue of a regime which has turned what was once one of the most robust economies in the Western Hemisphere into a stagnant pool of human misery is something that El Jefe’s apologists are loathe to accept. A situation that Michael Moynihan deftly skewered in a Daily Beast post recounting some of the more imbecilic remarks tweeted by Castro sycophants, most of whom have probably never set foot inside a Cuban hospital. Read More »