Author Topic: Answering the "embargo has been a failure" lie  (Read 907 times)

0 Members and 1 Guest are viewing this topic.

Offline Luis Gonzalez

  • Hero Member
  • *****
  • Posts: 7,621
  • Gender: Male
    • Boiling Frogs
Answering the "embargo has been a failure" lie
« on: December 20, 2014, 08:59:38 pm »
The Cuban Embargo Was Never Meant To Cause Regime Change

By DAVID LANDAU
The Daily Caller

The more they say, the less you know. That seems to be the maxim behind President Obama’s latest foreign-policy move: his proposal to overturn the Cuba embargo and pursue full diplomatic relations for the first time since 1961.

In the words of the official statement: “Decades of U.S. isolation of Cuba have failed to accomplish our objective of empowering Cuba to build an open and democratic country.”

Against all you’ve heard, here is the central fact: it was never the embargo’s purpose to cause a change in Cuba. Quite the contrary, the embargo’s purpose was — and still is — to protect Americans.

In that endeavor, the embargo, far from being a failure, has been a striking success. But hardly anyone sees it that way, because the matter has been buried beneath a fiction that haunts even those who might oppose the president’s proposal.

In its first 18 months of power, Castro’s regime seized American businesses and properties to the tune of $1 billion (1960 dollars). That massive theft was the proximate cause of the embargo. The U.S. cut its purchases of Cuban sugar and then cancelled nearly all trade.

As everybody knows, the U.S. then tried to overthrow Castro’s regime at the Bay of Pigs. That benighted event has given a sinister image to America’s Cuba policy. But U.S. efforts to bring about change in Cuba came to a certain end the following year, with the resolution of the missile crisis. And serious efforts by the U.S. to deal with Cuba and Latin America became much more sporadic after JFK’s assassination. For five decades, faute de mieux, the centerpiece of U.S. policy toward Cuba has been the embargo.

Hardly anyone talked about the embargo until the 1980’s, when the Soviet Union, which had been bankrolling Castro’s regime, began to fold. Castro and his allies, casting about for a new patron, looked with hope to the U.S. and created the myth of the failed embargo. The goal of the embargo, they said, had been to change Cuba. But since Cuba had not changed, the embargo was a futile policy and should be withdrawn. It was a sleight-of-hand, with the same party supplying both sides of the argument. While patently false, the argument has turned out to be remarkably durable.

As a matter of fact, the embargo policy has allowed for substantial trade between the U.S. and Cuba. With the total of U.S. exports for the last ten years reaching above $4.2 billion, America is one of Cuba’s largest trading partners. Even in the absence of full diplomatic relations, America’s Interests Section in Havana is a massive installation with several hundred employees; an embassy in all but name.

The problem with the embargo, for Cuban officials, is that it does not allow Cuba to do in the United States what it has done in the rest of the world. The embargo has denied Cuba a credit card on these shores. Cuba has not been able to borrow from U.S. banks or companies. All of Cuba’s U.S. purchases must be paid in hard currency, by advance deposit. These strictures have been well founded, their wisdom amply confirmed.
"Those are my principles, and if you don't like them... well, i have others." - Groucho Marx

Offline truth_seeker

  • Hero Member
  • *****
  • Posts: 28,386
  • Gender: Male
  • Common Sense Results Oriented Conservative Veteran
Re: Answering the "embargo has been a failure" lie
« Reply #1 on: December 20, 2014, 09:27:08 pm »
Looking forward to the future, what are the pros and cons of keeping the embargo.

A lot of things have changed in the world, since the early 60s.
"God must love the common man, he made so many of them.�  Abe Lincoln

Offline Luis Gonzalez

  • Hero Member
  • *****
  • Posts: 7,621
  • Gender: Male
    • Boiling Frogs
Re: Answering the "embargo has been a failure" lie
« Reply #2 on: December 20, 2014, 11:22:49 pm »
Looking forward to the future, what are the pros and cons of keeping the embargo.

A lot of things have changed in the world, since the early 60s.

Moody's dropped Cuba's credit rating earlier this year from a dismal Caa1 to an abysmal Caa2.

Historically, Cuba has been unable to pays heir debts to creditors since its bad economic plan fails to support it's structure. Cuba is in dire need of money just to maintain its crumbling structure afloat. Then more money to update 50+ year old roads, power grids, hospitals, etc.

As the article pointed out, Cuba has purchased billions of dollars in product from the U.S. since the funds from the USSR and China dried up. That money came from Venezuela. Cuba however has to pay cash for all products purchased (legally) directly from the U.S. 

Now, Obama's "normalization" will allow Cuba to buy on credit from U.S. firms.

Here's the catch. Those receivables will be guaranteed by the U.S. Export and Import Bank.

When (not if) Cuba doesn't pay their bill to those U.S. companies,we ( the American taxoayer) will.

So Cuba's tourism and stolen payroll dollars will keep the totalitarian government in control AND assist Venezuela through its current troubles.

I'm basing my opinions on what I know to be true (based in past history) and my understanding of export financial policies to troubled nations.

Everyone else seems to be saying "Hey! Maybe this will work! Let's give it a try!"

I don't want my dollars used to support not one, but possibly TWO sworn enemies of the U.S. 

Do you?
"Those are my principles, and if you don't like them... well, i have others." - Groucho Marx

Offline Fishrrman

  • Hero Member
  • *****
  • Posts: 35,648
  • Gender: Male
  • Dumbest member of the forum
Re: Answering the "embargo has been a failure" lie
« Reply #3 on: December 21, 2014, 01:50:55 am »
Absolutely not, Luis.

This will end up as nothing more than a hole into which American taxpayer money is dumped.

Like some kind of economic black hole, 90 miles from Key West.