Thursday, January 19, 2012

Watch President Obama's Disney World Speech Live at 12:25 p.m.

ORLANDO, Fla. -- President Obama will visit Disney World in Orlando today to make a speech about promoting tourism in the U.S.

It is expected that, while making his speech in front of Cinderella's Castle at the Magic Kingdom, President Obama will announce lighter restrictions on visa requirements for Chinese and Brazilian nationals.

This action can mostly be handled by the Obama administration without the approval of Congress.

As Brevard Times pointed out last year, Central Florida tourism may have already benefited from actions taken by the Obama administration without the approval of Congress.

When the Obama administration started sending guns to Mexico during Operation Gunwalker, the resulting violence and carnage in Mexico caused tourists to change their plans to Central Florida.

The loosening of restrictions on Chinese and Brazilian tourists reflects several dimensions of U.S. trade and monetary policy.  Briefly, U.S. trade policies have favored U.S. companies subcontracting in China where there are little environmental or labor restrictions on manufacturing as compared to the U.S.

Additionally, the monetizing of the U.S. debt and the backdoor bailouts of the banks by the Federal Reserve has weakened the U.S. dollar against foreign currencies such as the Brazilian real.  The result is the appearance of many more yellow, green, and blue tee-shirted Brazilian groups with enhanced purchasing power at Central Florida theme parks ever since the 2008 financial collapse.

So rather than addressing the underlying reasons why Chinese and Brazilian tourists are becoming relatively wealthier every day compared to Americans, Obama chooses to just make it easier for foreign tourists to visit U.S. destinations.

Probably the most historical speech ever made by a President at Disney World was Richard Nixon's 1973 'I'm not a crook' speech from the Walt Disney World Contemporary Resort (the hotel the Disney Monorail drives through).

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