Last year, the Castro regime announced it would fire 10-20% of the Cuban workforce (due to a severe liquidity crisis) and issue limited self-employment licenses (for the politically obedient) -- thus creating a supply of labor.
On Friday, the Obama Administration responded by allowing more travel -- thus creating a demand for goods and services -- and more cash transfers -- thus providing capital to totalitarian Cuba.
Furthermore, the Obama Administration will now allow any American to send remittances to the island -- thus creating a whole new class of investors. After all, it's a hard act to distinguish a transfer from an investment.
The Castro regime has only faced a liquidity crisis of this current magnitude twice in its history.
First, during the 1990's (upon the collapse of the U.S.S.R.), when the Clinton Administration (in response) chose the path of greater travel and remittances, and thus helped the regime stabilize its economy.
And today, when the Obama Administration has chosen to mimic the same unfortunate path.
That's called a b-a-i-l-o-u-t.
