Article

2009-08-12 Caribbean-Latin America

Ecuador's president vows leftist push in new term

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Posted by Steve White 2009-08-12 00:00|| || Front Page|| [6 views ] Top

#1 I see that country failing soon.

Posted by newc">newc 2009-08-12 01:15|| 2009-08-12 01:15|| Front Page Top

#2 I had a Spanish teacher in grade school many years ago who was a political refugee from Equador after one of the many coups there.

Posted by Spot">Spot 2009-08-12 08:19|| 2009-08-12 08:19|| Front Page Top

#3 He has a few interesting challenges. First, the country gave up its own currency a while back, and now use the dollar, but with interesting local coinages - it's own dime, quarter, etc... Anyway, it eliminates the classic latin populist urge to debase the currency since they're stuck with the Fed. Hilariously ironic him being dependent on O for the time being.

Second, though in the second tier of latin countries, it's got huge advantages - very home grown and self sufficient, not the wild class swings of others, not really horrid third world conditions, great climate and resources and so on.

All told, it may be hard for him to get too far wildly left simply due to the national temperment.

Still a shame he's an Illini economics student, and not a former U Chicago alum. A rightist could take real advantage of Ecuador's strengths.

Posted by Halliburton - Mysterious Conspiracy Division 2009-08-12 20:21|| 2009-08-12 20:21|| Front Page Top

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