It appears Obama has adopted Reagan's policies for Latin America which are based on the simple idea that Latin America is America's private whore house. Here is an hysterical article in today's WaPo:
Iran's Invisible Nicaragua Embassy
Feared Stronghold Never MaterializedSecretary of State Hillary Rodham Clinton recently warned
of a "huge embassy in Managua," adding: "You can only
imagine what that's for." (By Mark Wilson -- Getty Images)
MANAGUA, Nicaragua -- For months, the reports percolated in Washington and other capitals. Iran was constructing a major beachhead in Nicaragua as part of a diplomatic push into Latin America, featuring huge investment deals, new embassies and even TV programming from the Islamic republic.
"The Iranians are building a huge embassy in Managua," Secretary of State Hillary Rodham Clinton warned in May. "And you can only imagine what that's for."
But here in Nicaragua, no one can find any super-embassy.
Nicaraguan reporters scoured the sprawling tropical city in search of the embassy construction site. Nothing. Nicaraguan Chamber of Commerce chief Ernesto Porta laughed and said: "It doesn't exist." Government officials say the U.S. Embassy complex is the only "mega-embassy" in Managua. A U.S. diplomat in Managua conceded: "There is no huge Iranian Embassy being built as far as we can tell."
The mysterious, unseen giant embassy underscores how Iran's expansion into Latin America may be less substantive than some in Washington fear.
Iran's proposed investments in Nicaragua -- for a deep-water port, hydroelectric plants and a tractor factory -- have also failed to materialize, Nicaraguan officials say. At a time when Iran's oil revenue is falling, the same is true of many projects planned for Latin America, according to analysts.
http://www.washingtonpost.com/wp-dyn/content/article/2009/07/12/AR2009071202337.html?hpid=topnews