Article

2020-10-04 Economy

Red states are outperforming blue states economically

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Posted by Besoeker 2020-10-04 09:06|| || Front Page|| [8 views ] Top

#1 Short related article, let's call it the Democratic 'end game.'

Cuba’s Economy Was Hurting. The Pandemic Brought a Food Crisis.

HAVANA — It was a lucky day for the unemployed tourism guide in Havana.

The line to get into the government-run supermarket, which can mean a wait of eight or 10 hours, was short, just two hours long. And better yet, the guide, Rainer Companioni Sánchez, scored toothpaste — a rare find — and splurged $3 on canned meat.

“It’s the first time we have seen toothpaste in a long time,” he said, sharing the victory with his girlfriend. “The meat in that can is very, very expensive, but we each bought one simply because sometimes in an emergency there is no meat anywhere.”

Cuba, a police state with a strong public health care system, was able to quickly control the coronavirus, even as the pandemic threw wealthier nations into crisis. But its economy, already hurting from crippling U.S. sanctions and mismanagement, was particularly vulnerable to the economic devastation that followed.

As nations closed airports and locked down borders to combat the spread of the virus, tourist travel to Cuba plummeted and the island lost an important source of hard currency, plunging it into one of the worst food shortages in nearly 25 years.

What food is available is often found only in government-run stores that are stocked with imports and charge in dollars. The strategy, also used in the 1990s, during the economic depression known as the “special period,” is used by the government to gather hard currency from Cubans who have savings or get money from friends or relatives abroad.

Posted by Besoeker 2020-10-04 09:22|| 2020-10-04 09:22|| Front Page Top

#2 /\ What food is available is often found only in government-run stores

You mean like Chinese product stuffed, Super Walmart stores ?

US consumers purchase the Chinese made junk. China pockets the money and buys US Government treasury notes (our national debt), along with corn and soy beans. A global money laundering scheme of sorts. Little wonder no one appears to be looking into the Wuhan incident in a serious manner.

No tipping of the apple carts please.

* Failed to mention, all of these transactions are taxed and tariffed at multiple levels.

Posted by Besoeker 2020-10-04 09:29|| 2020-10-04 09:29|| Front Page Top

#3 An open economy vs central planning. Who what have thought? Power before all else!

Posted by Procopius2k 2020-10-04 09:36|| 2020-10-04 09:36|| Front Page Top

#4 The line to get into the government-run supermarket, which can mean a wait of eight or 10 hours, was short, just two hours long.

This would run afoul of our basic Constitutional precept that Karen Won't Stand In Line. "I'd like to speak to the Commissar, please."

Posted by Matt 2020-10-04 09:56|| 2020-10-04 09:56|| Front Page Top

#5 It might behoove some to seek employment at the local grocery store, where they will have first dibs on food.

Posted by Clem 2020-10-04 10:03|| 2020-10-04 10:03|| Front Page Top

#6 The federal reserve misprices via debt almost as badly as the USSR mispriced using price controls.

Posted by Bright Pebbles 2020-10-04 11:23|| 2020-10-04 11:23|| Front Page Top

#7 /\ Precisely. There is no [free-]market mechanism here just as there was none in the CCCP.

Posted by Clem 2020-10-04 11:28|| 2020-10-04 11:28|| Front Page Top

#8 Sad thing is this is creating a migration away from the Blu states into the Red, and unfortunately they are bringing the very poison with them that destroyed their old states: progressivism and leftism.

You are welcome, your voting habits and political policies are NOT.

Posted by Theager Borgia1057 2020-10-04 19:47|| 2020-10-04 19:47|| Front Page Top

#9 Liberals still won’t believe red states are in a better financial position than blue ones. Since they won’t be persuaded, we’ll have to wait until reality mugs them.

Posted by trailing wife 2020-10-04 22:39|| 2020-10-04 22:39|| Front Page Top

23:47 crazyhorse
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