Obama is overlooking deep trouble in Venezuela

In particular, two salient facts were ignored. The first is that the regime of Raúl Castro was desperate for an economic opening to the United States — meaning that concessions offered gratis by Obama could have been used to leverage meaningful political concessions by the regime. A simple one could have been an end to the arrests and beatings of peaceful dissidents, such as those that occurred last week.

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Second, Obama ignored the slowly mushrooming crisis that triggered Castro’s distress and that ought to be the focus of U.S. energies in Latin America. That is the slow but potentially catastrophic collapse of Venezuela, a major U.S. oil supplier with three times Cuba’s population that, as 2015 begins, is well on its way to becoming a failed state.

Venezuela has been a virtual Cuban colony in recent years, which is one big reason for the fix it is in. After sheltering caudillo Hugo Chávez during his slow demise from cancer, Havana helped to install as his successor Nicolás Maduro, a former bus driver of astonishingly small talents. Since Chávez’s death 22 months ago, Maduro has faithfully continued the 100,000-barrel-a-day oil subsidy that keeps Cuba’s moribund economy from crumbling.

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