Not sure I completely agree with what this political cartoon is trying to say. From the looks of it, they seem to imply that the Arab Spring triggered
- soaring oil prices
- a collapse in the financial markets
The Arab Spring may have played a part in that but it does not tell the whole story. Financial markets, specifically in Europe, are collapsing because of their high debt. Do you know a country with high debt? That’s right… The United States. And what is President Obama doing about it? Nothing.
To blame these problems squarely on the Arab Spring is to deny the impact high debt has on a country’s economy.
Democrats don’t want to blame the high debt for anything because it would mean we need to cut all of their wasteful spending.
But that’s funny. Wasn’t the Arab Spring encouraged and backed by President Obama? So if the financial markets dropped because of the Arab Spring then we can link it to Obama as well. But of course they wouldn’t do that either.