Obama’s economic end game

Post-Obamacare, it is only a matter of time before other American industries eventually go the way of electronics retail in Venezuela. But it could work! Just think about how many plasma TVs Best Buy could sell if every American under the age of thirty was compelled to buy one on pain of a substantial fine!

Thousands of Venezuelans lined up outside the country’s equivalent of Best Buy, a chain of electronics stores known as Daka, hoping for a bargain after the socialist government forced the company to charge customers “fair” prices.

President Nicolás Maduro ordered a military “occupation” of the company’s five stores as he continues the government’s crackdown on an “economic war” it says is being waged against the country, with the help of Washington.

Members of Venezuela’s National Guard, some of whom carried assault rifles, kept order at the stores as bargain hunters rushed to get inside.

“I want a Sony plasma television for the house,” said Amanda Lisboa, 34, a business administrator, who had waited seven hours already outside one Caracas store. “It’s going to be so cheap!”

It’s a one-track road downhill once the government embarks upon the road of “fixing” the economy. Of course, the wealthier the society is when the process begins, the longer it takes to break the economy and the fewer people understand what is happening as they live through it.

Most people still don’t realize that America is considerably less wealthy than it was in 1990, because the illusion of being permitted to spend someone else’s money leads them to believe that they genuinely have more wealth. It’s like watching a child running around with Daddy’s credit card, thinking he’s rich, only on a national scale.