The weak dollar/ tourism argument doesn't wash. Americans are NOT the largest group of visitors to the DR. The stats are skewed, as MANY of the "Americans" being reported are Dominicans going back home for a visit-and they are NOT staying in resorts, spending dollars like a drunken sailor on shore leave.
The Euro is doing well against the peso. THAT has a positive impact on the economy. The dollar is NOT the only currency that floats the DR economy.
WE, as mongers, want to believe that WE are the reason for the DR economy, especially in Sosua. We aren't. Yes, we spend $$$. But we are but a tiny fraction of what makes the economy there go around. Go look at the beaches! All those pale bodies filling the beach chairs are NOT there for pussy.
Sorry, guys. The government and resort owners could give a rats ass about us, mongering, or whores. In fact, I'll bet they find the whole thing an embarrasment.
Originally Posted by
Dogwood
Don't get me wrong...I'm totally with you on the larger forces at play especially with that moral majority in office with rest of the Republican morons.
With all due respect, this comment is personal perception and emotion based, and not intellectually based. I asked y'all to research how the IMF worked. It is an INTERTNATIONAL body, not a subset of the U.S. Republican Party. This crackdown has NOTHING to do with the moral majority, Republicans, or any other Boogie Man that haunts you. I doubt most Republicans (or Democrats, for that matter) could point out where the DR is on the map, for Christ sake.
In international affairs, the U.S. is a big player, but not the only player. The DR is not JUST dependant on the US, as other countries play VERY prominent roles (how many American cars, appliances, telephones, etc. do you see there? Not a whole lot.). If we were talking Puerto Rico it would be a different story.
Hell, when I stay at the Gran Almirante Hotel in Santiago-the nicest hotel in the region, and one aimed specifically for business people-I am often the ONLY Norte Americano in the place (I've asked). There are Canadians, Europeans, Central/South Americans, and even Orientals there in droves.
The international forces I mention are the IMF. The DR is desperate for cash because of the debt run up in the last decade or so. They HAVE to do something to restructure the debt or the entire economy will collapse with the ensuing nasty civil unrest; hence likely behind the scene IMF ass kissing. Strengthening the DR currency in whatever way the Central Bank can (it is limited as we've discussed before, as they can effect only the supply of pesos) is one critical way to help pay the debt.
To the duly elected DR governmental officials, dealing with the debt and IMF is a HUGE priority; they could absolutely care less if some poor whore-who they find an embarassment anyway- goes hungry for a while until they find a real job.
Bookmarks