Ecuador is economic role model

Ecuador’s President Rafael Correa has been re-elected by a landslide.

Shortly after he was first elected, Ecuador was hit hard by the international financial crisis.

How is he so popular? Because unemployment has fallen to 4.1%, a 25-year record low, poverty is down by 27%, spending on education has doubled, spending on healthcare is up, the economy is sound. How? Not by austerity. Correa pumped money into the economy. He re-regulated the financial sector. He took control of the central bank.