Thursday, April 26, 2012

Zone of Reality: Castro Notes

This appeared on January 14, 2009.

A Bailout for Castro Too?
By Humberto Fontova

The U.S. taxpayer remains among the few in the industrialized world not screwed and tattooed by Fidel Castro. But fear not! Most "analysts" see Obama moving quickly to rectify this shameful state of affairs, by scrapping his country's obnoxious (to liberals and foreigners) penchant for "unilateralism" in foreign policy. "Will Obama Shift Policy on Cuba?" pants a recent BBC headline. After all, as the AP reported from the Latin American summit in Brazil last month: "Latin America leaders demand (italics mine) U.S. end Cuba embargo." And as the Russian News Agency, Novosti, reported back in October: "UN General Assembly demands (italics mine again) U.S. lift embargo on Cuba." Needless to say, MSM commentary overwhelmingly supports these "demands." U.S. policymakers must immediately take heed of these "demands," from those more internationally sophisticated parties, who have all been doing business with Cuba for decades.

For those actually aware of Castro's commercial record and the nature of the "Cuban embargo" a much better explanation for these "demands," is that: "misery loves company."To wit:

"Cuba stopped payment on all its foreign commercial and bilateral debt with non-socialist countries in 1986." disclosed U.S. International Trade Commission Report in 2001.

"Debt talks between Cuba and the Paris Club of creditor nations are on hold. On the table was $3.8 billion of official debt to Paris Club members, part of a much larger debt Cuba ran up through the 1980s, until it began to DEFAULT on payments and then stopped talking with creditors." Reuters, from back in June 2001.

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