President Obama will have to decide by next week whether to continue, for yet another year, provisions of the U.S. trade embargo on Cuba. Without a presidential extension, these provisions — though not others that were instituted by congressional action — will end this month. The ending of the embargo is long overdue. The current economic crisis provides a useful rationale for doing so.
There is precedent for taking such a step with a communist nation during hard times. In the face of the Depression, prominent American businessmen began arguing that recognition of the Soviet Union would lead to a substantial increase in trade and so provide a much-needed boost to the U.S.… Seguir leyendo »