One of the biggest problems when dealing with government is the lack of consistency. This lack of consistency costs people a tremendous amount of money. Towards the end of his reign, Obama improved relations between the United States and Cuba by loosening the idiotic sanctions placed by the former on the latter. This reestablished the opportunity for market actors that previously had no access to the markets in Cuba to create some new wealth. But today is a different day and the country is being run by a different team:
President Donald Trump is set to announce a rollback of former President Barack Obama’s policies toward Cuba, The Daily Caller has learned.
Two sources told TheDC that the development is due to the behind-the-scenes efforts of Republican Florida Sen. Marco Rubio, Democratic New Jersey Sen. Bob Menendez and Republican Florida Rep. Mario Diaz-Balart.
This information coming from an anti-embargo group, which spoke on the condition of anonymity, was confirmed Sunday by John Kavulich of the nonpartisan U.S. – Cuba Trade and Economic Council. “The Trump Administration has been ‘ready’ since February 2017 to announce changes, but issues unrelated to Cuba have intervened,” Kavulich said.
If the Trump administration reverses Obama’s policies towards Cuba, it will be yet another incident of the market fronting unnecessary costs because the people in charge can’t make their minds up about anything. This is why every company in the United States is laser focused on short term profits. They take whatever they can get today because their business model may not be legal tomorrow.