By Micah Halpern
Monday January 17, 2011
I've Been Thinking:
Syria and Jordan are in fear of revolts - similar to what happened in Tunisia.
And they have begun to respond.
Yesterday, Syria increased heating oil subsidies to 2 million workers by 75%. The goal is to try to buy support and allegiance.
Jordan did the same thing. Over the past few months Jordan had been trying to cut back on subsidies - to run the government without subsidies and bring their economy into the modern world. Now Jordan is reinstituting subsidies worth $225 million on essentials like sugar and rice.
Both Jordan and Syria are trying to quell any dissatisfaction among the masses. They are doing their best to put down any potential revolts.
The region is quaking - and for good reason.
Micah@MicahHalpern.com
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