July 24, 2010   Communist Cuba is good for some things: lying and manipulating a lot. This should make every liar and manipulator in Ecuador feel very happy.

Instead of all those pesky problems of actually having to grow up and be honest, the Cuban ALBA state now governing all Ecuadoreans like pet turtles makes your life so easy now because the national government will happily do your lying for you. Why be honest now? You have lived your life on the cheap, manipulating everyone around you. Be happy! You got what you are and what you wanted: dishonest, dysfunctional government.  Here is a laughable report from Correa on direct foreign investment. To be sure, China will take payment at reduced prices of Ecuadorean oil well in to the foreseeable future, like a price hedge, for its so called dam building. Correa’s fake investment income is actually a loss-loss for Ecuadoreans in this completely unaccountable and dishonest “Good Living” budget where only lies serve to sell Correa’s propaganda.

Like everything coming from the Cuban-communist ALBA Correa, nothing is honest except his commitment to lying and manipulating.

This would be laughable except… Ecuador is bankrupt, selling out its future, lying about it and failing fast.

-Pedro Camargo for ECrisis
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Ecuador Reports Growth in First Semester

viernes, 23 de julio de 2010

23 de julio de 2010, 10:56Quito, Jul 23 (Prensa Latina) The Ecuadorian government is working to achieve the goals of the "National Good Living Plan" and has seen major growth in the first half of 2010, said Katiuska King, economic policy minister.

  In terms of public investment, while the January-June period tends to be slower, 2010 has seen a significant increase over 2008 and 2009, King said.

Public investment for the first half of 2008 was $597 million, which was increased to $2.085 billion in 2009, and then in 2010, it went up to $2.635 million, she said, for a total increase of $550 million dollars or 26.4 percent growth.

Despite what some critics of the government say, private investment continues in Ecuador, and some productive sectors have found opportunities to grow, earn profits and contribute to national development, the minister said.

China is going to finance the Coca Codo Sinclair Project, Canadians are investing in the Quito airport, and oil companies have publicly declared that they are going to invest, she noted.

Real recovery is evident in production, King said. The GNP for the first quarter of 2010 supports this tendency of growth, observed since the fourth quarter of 2009, with an increase of 0.60 percent.