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OpEdNews Op Eds    H3'ed 8/19/09

Global Depression and Regional Wars - Part II

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-- practicing the same Bush anti-Latino immigrant policies with talk now about new legislation to harden them and establish a new bracero policy;


-- targeting regional left of center regimes, including Venezuela, Ecuador, Bolivia, Nicaragua and Cuba; the latter's long-standing embargo remains in place despite some relaxed travel and other restrictions; and


-- maintaining a three-fold regional strategy:


(1) supporting hard right Colombian, Mexican and Peruvian regimes;


(2) aiming for more influence over centrist governments in Brazil, Argentina, Chile, Uruguay and Paraguay; and


(3) "isolating and weakening leftists and populist governments" in Cuba, Venezuela, Ecuador, Bolivia and Nicaragua.


Overall, Obama is continuing the same Bush policies. Latin America remains a low priority, but military aid and an imperial agenda define it along with supporting the region's most hard right, repressive regimes. He also "talk(s) free markets while practicing protectionism," very typical of how America operates - one-way to benefit its corporate interests at the expense of its trading partners.


The current economic crisis added a new wrinkle. Obama is "absorbing most of the hemisphere's credit (for his) financial bailout," so regional exporters are hard-pressed to finance their operations. Capital repatriated to America's domestic market compounds the problem by extending and deepening Latin America's recession. "All the major countries in the region are headed toward negative growth (exacerbated by) double-digit unemployment, rising levels of poverty, and mass protests." They're vulnerable because of the "production and development strategies (they) adopted" with emphasis on "privatization of all key productive sectors."


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