Saturday, October 18, 2014

Market Savvy

It turns out the President of Venezeula believes in market forces more than the President of the United States.
Nicholas Maduro, el President of the "Fifth Republic" of
Venezuela, guaranteeing free quality health care, free education
through college, a clean environment and protection of the
rights of all minorities and indigenous people. The country
is mired in a long term economic slump. Real incomes are plummeting.
CARACAS, Oct. 16 (Xinhua) -- Venezuelan President Nicolas Maduro on Thursday blamed Washington for the slump in global oil prices.
Washington is "flooding" the market with cheaper shale oil to bring down prices and ultimately impact Russia and other oil-producing nations, Maduro said at a televised Cabinet meeting.
"The U.S. and its allies want to affect oil prices to harm Russia, which produces around 10 million barrels per day, and that is the vital income of their economy," said Maduro.
 Yet your President, Barack Obama, preaching to his legions of ignorant believers, has famously said "We can't drill our way to lower gas prices." If you are wondering why he can't get hardly anything right, it is because the President of the United States is immune to the realities of commerce and economics. He is no better on matters of national security and disease control. Barack Obama is the most non-empirical president ever, a fellow who is delusional to the point of thinking he makes things true by his mere utterances.

We have two years and three months left of this. God help us all. 

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