Posted on 04/17/2012 4:52:30 PM PDT by Kaslin
Diplomacy: After a weekend of cavorting in Colombia, the White House was caught flat-footed by Argentina's takeover of a big oil company whose loss will hike gas prices, harm Spain and slam U.S. investors. Lucky us.
Never was a response to a global outrage more mealy-mouthed than the one from the U.S. after Argentina's President Cristina Fernandez de Kirchner, standing under a portrait of Evita Peron, announced a brazen grab for YPF, the Argentine oil company that's 57% owned by Spain's Repsol.
Markets fell, world leaders denounced the violation of contracts and economically battered Spain rallied European Union support.
But the U.S.? "We are following developments on this issue. We are not currently aware of any WTO complaints related to this issue," the State Department said.
Then, leading from behind after Spain vowed a "forceful" response, Secretary of State Hillary Clinton tried to toughen up: "Having an open market is a preferable model. Models that include competition and market access have been the most successful around the world."
(Excerpt) Read more at news.investors.com ...
Stunned, my beeber. the Dems have been meddling in Argentina for so long they probably knew it was coming before Kirchner decided to do it.
DECEMBER 22, 2011 : (ARGENTINA : SENATE PASSES BILL GIVING GOVERNMENT CONTROL OVER NEWSPRINT PRODUCER PAPEL PRENSA SA DURING PRESIDENT KIRCHNER’S BATTLE WITH OPPOSITION MEDIA)————Argentine Government Takes Control Of Newsprint, WSJ ^ | 12/22/11 | By SHANE ROMIG
This administration is stunned when the sun rises in the east.
.
DECEMBER 13, 2011 TUE : (ATLANTIC OCEAN : FALKLAND ISLANDS OIL STRIKE IN SEA LION FIELD BIGGER THAN EXPECTED ACCORDING TO EXPLORER ROCKHOPPER ... ARGENTINE PRESIDENT SURE TO BE “DEEPLY SADDENED”)
They are even more stunned when they command the sun to stay at 12 o'clock high to illuminate their solar panels...and the sun says "screw you" and sets anyway.
Unexpected!
That's because the Argentines upstaged the Great Anus' coup against our own oil patch.
He's still working on it here.
Probably hung over.
Maybe that was why she was dancing up a storm. She was celebrating a woman socialist kickin’ the old boys in the nutz.
The White Hut was stunned I tell you, stunned!
Why would they protest? 0 longs to do that here.
Moreover, why are they surprised? Argentina seized their equivalent of 401(k)'s, pension funds, and IRA's in 2008; citizens got government IOU's denominated in rapidly-wasting Argentine currency, and capital controls on withdrawsals. Then the government spent it all.
See the articles at SilverBearCafe.com. (Cold link)
Obama organized hearings on doing the same thing here, a couple of years ago. Seize all the assets and roll them into Social Security ..... then everybody gets a little check periodically; they get put on the government dole, in lieu of their life's savings. And the Democrats get control of them: they can jerk people's chains anytime with talk about shutdowns and halting the printing presses because of the bad old Republicans.
Bill Clinton turned a couple of Reagan Democrats I knew into wild-eyed, fear-filled Republican-haters with that stunt. Just a twitch, a twist of the wrist from the Master ....
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