Posted by: coastcontact | March 20, 2016

A Historic Event in Cuba

Obama-arrives- in Cuba

This is a historic day in U.S. Cuban relations. It has been reported that the last president to visit Cuba came there 88 years ago. Clearly the president’s visit will be part of his legacy. The question should be how will the restoration of diplomatic and economic relations between the two countries really make a difference?

Permitting airlines to schedule flights to Cuba and opening hotels in Cuba will result in an economic impact. Can McDonald’s, Starbuck’s and Kroger Foods be far behind? This action initiated by the president contradicts those that say President Obama opposes America’s free enterprise society. You remember, there are those that say Obama wants to change the United States into a socialist/communist country.

It is impossible to predict the future but there is a possibility that free enterprise will come to Cuba soon. American businesses are the likely beneficiary of the opening of Cuba. Can this be a bad thing?

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