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Liberalism: Why think when you can “feel”?

Chavez: Capitalism killed off the Martians, or something

Hey, all you pinkos who hold up Chavez as a paragon of your failed socialist vision: How do you like him now?  😆

“I have always said, heard, that it would not be strange that there had been civilization on Mars, but maybe capitalism arrived there, imperialism arrived and finished off the planet,” Chavez said in speech to mark World Water Day.

Oliver Stone is probably on this as we speak.

March 22, 2011 Posted by | Hugo Chavez, socialism | 5 Comments

Chavez: All this rain is because of capitalism, or something

Looks like someone’s gotten into Grandpa Joe’s liquor cabinet and found the secret bottle of Crazy!  Excerpt:

President Hugo Chavez blamed “criminal” capitalism on Sunday for global climate phenomena including incessant rains that have brought chaos to Venezuela, killing 32 people and leaving 70,000 homeless.

“The developed nations irresponsibly shatter the environmental order, in their desire to maintain a criminal development model, while the immense majority of the earth’s people suffer the most terrible consequences,” Chavez added.

The irony of hearing this pap from a gi-normous exporter of oil is rich indeed.

December 6, 2010 Posted by | capitalism, global warming, Hugo Chavez | 2 Comments

Copenhagen climate summit proves that “climate change” cult is nothing more than activist anti-capitalists

I have maintained for years that the single biggest motivation of the global “warming” crowd is not an intense desire to “save the planet” from boiling away, but instead is a desire by anti-capitalist leftists to destroy capitalism under the guise of averting a planetary catastrophe.

Doubt it?  Well, doubt no more.

Then President Chavez brought the house down.

When he said the process in Copenhagen was “not democratic, it is not inclusive, but isn’t that the reality of our world, the world is really and imperial dictatorship…down with imperial dictatorships” he got a rousing round of applause.

When he said there was a “silent and terrible ghost in the room” and that ghost was called capitalism, the applause was deafening.

But then he wound up to his grand conclusion – 20 minutes after his 5 minute speaking time was supposed to have ended and after quoting everyone from Karl Marx to Jesus Christ – “our revolution seeks to help all people…socialism, the other ghost that is probably wandering around this room, that’s the way to save the planet, capitalism is the road to hell….let’s fight against capitalism and make it obey us.” He won a standing ovation.

Your disguise has been foiled, you global “warming” frauds.  You almost got away with it, though, didn’t you?

December 17, 2009 Posted by | capitalism, environuts, global warming, Hugo Chavez, socialism | 2 Comments

Obama wraps up “My country sucks” tour

We were warned that a B.O. presidency would be a second Carter administration, and we’re seeing that in many respects: punishing the successful, increasing our dependence on foreign energy, crushing taxes, and now, shameless pandering to international dictators and thugs.

Quoth The One:

“We have at times been disengaged, and at times we sought to dictate our terms,” Obama said to loud applause. “But I pledge to you that we seek an equal partnership. There is no senior partner and junior partner in our relations.”

So we shouldn’t “dictate” our interests to anyone, right?  But we should make kissyface with dictators who, by definition, dictate their interests to everyone.  Friggin’ brilliant, B.O.

His buddy Hugo then gives him a present: a viciously anti-American book.  B.O. accepts it gratefully.  Heck, B.O. likely agrees with everything in the book anyway.  Preaching to the choir, are we, Hugo?

Notes Oprompter:

“You know, I thought it was one of Chavez’s books,” Obama answered. “I was going to give him one of mine.”

Which book is that, Das Kapital?

Exit question: Why would you want to be president of a country you didn’t even like?

 Hugo Hearts Obama

And to think that anyone would perceive Obama as a socialist?

April 21, 2009 Posted by | Hugo Chavez, Obama, shameful, socialism | 6 Comments

Quote of the day, “Hugo’s socialist salvation” edition

From Venezuelan tinpot Hugo Chavez:

“Socialism is the only route to the salvation of the world.”

Kinda goes hand in hand with the whole “Obamessiah” motif, eh?

Just a reminder that Hugo doesn’t want McCain to win, hoping instead that Obama wins.  Just sayin’…

September 25, 2008 Posted by | Hugo Chavez, Obama, quote of the day, socialism | 2 Comments

Chavez: McCain’s not pinko enough for my liking

When socialist thug Hugo Chavez isn’t busy running businesses out of Venezuela and causing grocery stores to run out of food with his economically illiterate policies, he’s telling the world that a McCain presidency would fray our already fragile relationship with Venezuela.  Someone do me a huge favor and remind me later to give a rat’s posterior, m’kay?  From al-Reuters:

Venezuelan President Hugo Chavez, a socialist and fierce U.S. critic, warned on Tuesday that relations with Washington could worsen if Republican candidate John McCain wins this year’s presidential election.

Chavez said he hopes the United States and Venezuela can work better together when his ideological foe, U.S. President George W. Bush, leaves the White House next year, but he said McCain seemed “warlike.”

He said on Tuesday that he had better communication with the administration of former U.S. President Bill Clinton.

“Independently of who wins the elections, we are hopeful and it is within our plans to enter an era of better relations with the U.S. government,” he said. “At the least one would hope for the level of relations we had with ex-President Clinton.”

He did not mention Democratic hopefuls Barack Obama or Hillary Clinton. Both are cautious about Chavez, although Obama has said he could meet him. …

Hugo likes him some Bubba, doesn’t he? Is there any surprise that he’d be against a McCain presidency and more receptive of a Hillary or Obama presidency?  Socialists really are more comfortable around their own kind, aren’t they?

March 26, 2008 Posted by | Hillary, Hugo Chavez, McCain, Obama, socialism | 3 Comments

Dems vote to subsidize Hugo Chavez

Tax breaks for the “rich”?  Bad.  Tax breaks for a socialist dictator provoking a war with the U.S.?  Good.  From CNS News:

House Republicans criticized energy legislation passed late Wednesday, saying that it would raise taxes on the oil industry but give tax breaks to Venezuelan President Hugo Chavez and the state-run oil company CITGO.

“Middle-class families and small businesses are feeling the squeeze from rising costs for gasoline, food, and other costs of living,” said House Minority Leader John Boehner (R-Ohio) in a statement. “Unfortunately, the Democrats’ ‘no energy’ bill will only make matters worse by raising taxes and setting the table for even higher prices at the pump.”

The House passed the Renewable Energy and Energy Conservation Tax Act of 2008 on a vote of 236 to 182. Senate Democratic leaders have indicated they would fast-track the bill to try to avoid a Republican filibuster.

“Congress just seems bound and determined to repeat the mistakes of the past, by increasing the tax burden on the oil industry,” Pete Sepp, vice president for communications at the conservative National Taxpayers Union, told Cybercast News Service.

“By claiming tax hikes will create jobs, [House Speaker Nancy] Pelosi is living in an economic fantasy world,” Sepp added.

“The only jobs tax increases create are government jobs. Worse are claims that energy prices will come down … how can raising an entire energy sector’s overhead make prices lower? Carter-nomics didn’t work when the windfall profit tax was imposed 30 years ago, and they won’t work now,” he said.  (Maybe today’s Dems will do like Jimmah did and tell us to “wear a sweater”? – Ed.)

But Boehner said the “worst” parts of the bill are the provisions on foreign oil. “It actually carves out tax breaks for Venezuelan dictator Hugo Chavez – courtesy of American taxpayers,” said Boehner. “This is unacceptable, and the Democratic leadership is irresponsible for bringing the bill to the House floor.” … 

See what happens when you let a bunch of economic illiterates hold the purse?

March 3, 2008 Posted by | economic ignorance, Hugo Chavez, oil, shameful, taxes | 5 Comments

Chavez starving his people

While Venezuela is raking in the big bucks for its oil, the socialist utopia is beginning to look like other socialist utopias: starvation, poverty, etc.  From the Miami Herald:

Venezuela has adopted an unprecedented system of food rationing similar to the ration cards used in Cuba, after several months of food shortages that have caused popular discontent.

The Ministry of Nutrition announced last week that beneficiaries of the government’s food distribution program would only be allowed one purchase a day. The amount of food allocated to each family would be based on a ”social study” the government performed, it said.

Earlier this year, the government created a distribution network known as Pdval — financed by the state-run oil company Petróleos de Venezuela, or PDVSA — to solve shortages of groceries like beef, eggs and milk that have sparked long lines in recent months.

According to Asdrubal Chávez, President Hugo Chávez’s cousin and the coordinator for Pdval, the distribution centers will now keep a registry of families shopping at each center to ensure that no home receives a ”surplus” of staple products.

Under the new rationing system, government distribution centers will open at 8 a.m. and each customer will be given a control number that will allow him to shop for food that day. The customer will also fill out a registry card with his name, ID number and the products and quantities to be purchased.

“Ministry of Nutrition”?  Now that is what we like to call “polishing a turd”!  Continuing: 

Business groups and the government blame each other for the shortages. The Venezuelan economy is actually booming and the country is awash in money thanks to record-high oil prices — its main export. Chávez contends that businesses are boycotting his socialist revolution, while business groups blame the problems on the government’s price controls.

Yeah, businesses tend not to be very active where they can’t make any money.  They’re funny that way.  Continuing:

Luis Rodríguez, executive director of the Association of Supermarkets and Convenience Stores, said the shortages are not transitory but structural and they have been mounting for at least the past eight months.

According to Rodríguez, supermarkets throughout Venezuela are experiencing shortages of chicken, beef, pork, dairy products, eggs, flour and tomato derivatives, such as ketchup.

Rodríguez blames the shortages on price controls established by the government, which have left producers with little reason to increase production.

Hiram Gaviria, a former Minister of Agriculture and now director of an agricultural trade union known as Agro-Nutritional Alliance, said the new restrictions will make the situation worse and give even less motivation for internal production and normal food supply.

The shortages also have resulted in isolated and spontaneous episodes of looting during the past couple of weeks. In Maracaibo, the country’s second largest city, residents of the poor Cristo de Aranza neighborhood forced their way into a Mercal distribution center on Thursday, and took everything on a single night — including the coolers and air-conditioning system.

Hugo wanted to be like his mentor Fidel, and it looks like he is well on his way.

Economic ignorance is hazardous to your health.

February 25, 2008 Posted by | economic ignorance, Hugo Chavez, socialism | 8 Comments

Chavez goon: socialism rocks, but please ignore my Gucci and Vuitton

Inevitably, socialist tyrants rarely practice what they preach.  They get theirs, and everyone else is expected to take it in the shorts for the team.  From al-Reuters:

A video of a Gucci- and Louis Vuitton-clad politician attacking capitalism then struggling to explain how his luxurious clothes square with his socialist beliefs has become an instant YouTube hit in Venezuela.

Venezuelan Interior Minister Pedro Carreno was momentarily at a loss for words when a journalist interrupted his speech and asked if it was not contradictory to criticize capitalism while wearing Gucci shoes and a tie made by Parisian luxury goods maker Louis Vuitton.

“I don’t, uh … I … of course,” stammered Carreno on Tuesday before regaining his composure. “It’s not contradictory because I would like Venezuela to produce all this so I could buy stuff produced here instead of 95 percent of what we consume being imported.”

Good enough for me, but not for thee!

December 14, 2007 Posted by | Hugo Chavez, hypocrisy, socialism | 6 Comments

Chavez referendum a “No”

Polls heading into the referendum showed a fairly sizeable lead among the “No” voters who didn’t want Venezuelan socialist tinpot dictator Hugo Chavez to expand his dictatorial powers, including a “me for life” clause.  When the actual votes were counted (and undoubtedly counted again and again), the margin was narrower: 51% voted “no”, and 49% voted “yes”.  Story here.

I’m thrilled the referendum failed, despite Chavistas’ attempts at vote fraud.  Time will tell if he’ll honor their wishes or not.  I’m not holding my breath.

December 3, 2007 Posted by | Hugo Chavez, socialism, vote fraud | 3 Comments

Chavez: Make me dictator for life, or else

He will be dictator for the rest of his life, and you Venezuelans will like it!  From Breitbart/AP:

Rallies for and against constitutional changes proposed by President Hugo Chavez surged Tuesday as the Venezuelan leader declared that a weekend referendum on the proposed charter “cannot fail.”

Such gatherings have increased tensions ahead of Sunday’s referendum on reforms that would allow Chavez indefinite re-election, increase presidential terms from six to seven years and help the Venezuelan leader establish socialism in Venezuela.

While Chavez appeared before supporters to urge Venezuelans to approve the referendum and “open the path to a new nation,” opponents held at least two protests and one of his ex-wives even held a press conference to urge voters to reject the slate of changes.

In Caracas, about 300 placard-waving students gathered outside the Catholic University Andres Bello, occupying a highway for four hours and causing rush-hour traffic jams, to urge Venezuelans to vote “no” on Sunday. The students contend the new constitution would give Chavez authoritarian powers.

“We students will keep coming out onto the street to demand freedom and democracy,” said Roberto Diaz, a 21-year old law student at the university. Dozens of police and national guard monitored the demonstration that ended Tuesday evening without incident.

At the same time, about 5,000 mainly female Chavez supporters gathered in a stadium west of Caracas to back the referendum campaign. Participants in the “Women for Yes” rally, many dressed in Chavista red, waved posters with images of Chavez and Cuban leader Fidel Castro.

In a speech Tuesday, Chavez said Venezuelans will vote “yes.”

“On Saturday, the final attack begins, and Sunday … it’s written: the people will vote and will say ‘yes’ to the call we’re giving to open the path to a new nation,” Chavez said, alluding to the referendum that aims to modify 69 of the 530 articles in the constitution.

“We can’t go backward, we cannot fail! (He means that literally. With the voting rigged, he cannot fail. – Ed.) We’re obliged to win, to continue triumphing. This is a battle of world proportions,” Chavez said.

Still, according to recent polls, the “no” could give Chavez his first defeat at the polls since he first won office in 1998.

Of course, Chavez is threatening opponents of his reforms in a Mugabe landgrab kinda way.  But not to worry, folks.  I’m sure Jimmy the Dhimmi Carter will go down there to make sure the “vote” is on the up-and-up!  For those of you on the left, the prior sentence was sarcasm.

November 28, 2007 Posted by | Hugo Chavez, vote fraud | 2 Comments

Chavez: I am like Jesus, si?

The king of Spain told Venezuela’s socialist tinpot dictator Hugo Chavez to “shut up” last week.  Hugo’s response?

Hugo Chávez is not shutting up. Venezuela’s president stepped up his verbal counter-attack against the Spanish king yesterday by comparing his wounded pride to the suffering of Jesus Christ and Latin America’s colonial oppression.

Three days after Juan Carlos urged Chávez to “shut up” at a summit it was the latter doing all the talking while the king retreated into silence. The “explosion” of royal disdain betrayed an enduring colonial superiority complex, the president said upon his return to Caracas. It echoed not only 500 years of imperial power and abuse, but also the persecution of Christ.

Should he accept the king’s injunction to shut up, “the stones of the people of Latin America would cry out”, said Chávez, paraphrasing a comment by Christ in Jerusalem shortly before his crucifixion. The Venezuelan information ministry issued press releases identifying the relevant part of the Bible. 

Oh my God!  Or, in this case, I guess it should be “Oh my Hugo!”  We already knew the guy was a megalomaniacal dictator suffering from delusions of grandeur and a messiah complex.  Comments like this only further prove it.

By the way, it’s curious to see a man who has dissidents shot quoting Scripture, don’t you think?

November 13, 2007 Posted by | Hugo Chavez, shameful | 3 Comments

Chavez’ socialist utopia unraveling

The left thought they had finally found their guy in Hugo Chavez. You know, the one who could finally prove that socialism really can work if only the right people are in charge (never mind that it’s failed in 100% of the other places it’s been tried)? Well, they’re going to have to keep looking. From Bloomberg News:

The Venezuelan economy, under the direction of President Hugo Chávez, is starting to unravel in the currency market.

While Venezuela earns record proceeds from oil exports, consumers face shortages of meat, flour and cooking oil. Annual inflation has risen to 16 percent, the highest in Latin America, as Chávez tripled government spending in four years.

Exxon Mobil and ConocoPhillips are pulling out after Chávez demanded that they cede control of joint venture projects.

The bolivar has tumbled 30 percent this year to 4,850 per dollar on the black market, the only place it trades freely because of government controls on foreign exchange. That compares with the official rate of 2,150 per dollar set in 2005. Chávez may have to devalue the bolivar to reduce the gap and increase oil proceeds, which make up half the government’s revenue.

“This has been the worst-managed oil boom in Venezuela’s history,” said Ricardo Hausmann, a former government planning minister who now teaches economics at Harvard University. “A devaluation is a foregone conclusion. The only question is when.”

“It’s like our director of marketing, our director of sales, our director of manufacturing is President Chávez,” said Edgar Contreras, who runs international operations at Molinos Nacionales, a Caracas-based food manufacturer that employs 1,500 people. “We can’t go on like this.”

Contreras called the government-set prices on many products “fantasy prices” that are below production costs. Milk, chicken, coffee and flour have disappeared from store shelves in Caracas at times this year.

As Thomas Sowell has said: “Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.”

September 5, 2007 Posted by | Hugo Chavez, socialism | 1 Comment

Chavez seizes opposition TV station

Let the defenders of socialist tinpot Hugo Chavez explain away this (via Hot Air):

The last one in the country, in fact, with a national reach:

[T]he decision not to renew Radio Caracas Television’s broadcast license and replace it at midnight Sunday with a public service station was celebrated in the streets by supporters of Chavez, who watched the new channel’s first transmission on large TV screens. Others launched fireworks and danced to the classic salsa tune “Todo tiene su final” — “Everything Has Its End.”

The mood inside the studios of RCTV — the sole opposition-aligned TV station with nationwide reach — was somber. Disheartened actors and comedians wept and embraced in the final minutes on the air.

Founded in 1953, RCTV had broadcast a mix of talk shows, sports, soap operas and the popular comedy program “Radio Rochela,” which poked fun at presidents — including Chavez — for decades. RCTV was regularly the top channel in viewer ratings, but Chavez accused the channel of “poisoning” Venezuelans with programming that promotes capitalism.

Gateway Pundit has photos of the reaction from Chavez’s opponents. The tanks have allegedly been sent in.

How sad it is that the left can never acknowledge the totalitarian tactics of socialists and other leftist “leaders” of the world. This is beginning to look like Cuba redux circa 1959.

Neal Boortz sees a disturbing pattern here:

Jealousy is an ugly thing. And jealousy is especially ugly when you have freely elected leaders from a country that prides itself on a dedication to freedom and individual liberty being openly jealous of a dictator.

Such is the case with Venezuela’s Hugo Chavez.

Hugo the Horrible has now accomplished in Venezuela what Democrats only wish they could accomplish here at home. He has silenced a broadcast outlet that was critical of his regime. Sunday night Venezuela’s most popular television station went off the air. Why? Because Chavez decided that their broadcast license would not be renewed. Radio Caracas Television was the only TV station in Venezuela that was broadcast nationwide … and Radio Caracas Television was critical of Hugo Chavez.

Are you starting to get the picture here?

Chavez says he is “democratizing” the public’s airways. He also said that this TV station was a threat to his country. Wow! Now doesn’t that sound very much like the things that the left is saying about talk radio in the U.S.?

What Chavez accomplished by edict the left in this country hopes to accomplish through legislation and regulation.

Just be patient, my friends on the left. Your time is coming. The impotent Republicans pose no threat to you in 2008. In the meantime, just sit back and admire your friend Hugo.

We should note that Venezuelans are protesting Chavez’ actions. He’ll tolerate some protests — but let’s hope these people know just how far they can push it. My wife and I were being shown around Caracas many years ago when we noticed some demonstrators. It was quite a spectacle to watch … until the gunfire started. Our guide rushed us into a building to keep us safe.

How soon before Chavez answers these protestors with gunfire?

Hold on another second here. We can’t let this segment go without mentioning that Hugo Chavez is the hero of such great Americans as Cindy Sheehan (see below), Danny Glover, Harry Belafonte and others. Great Americans all. Coming soon, don’t miss Michael Moore’s exciting documentary on the evils of Radio Caracas Television!

May 29, 2007 Posted by | economic ignorance, Fairness Doctrine, Hugo Chavez, socialism | Leave a comment

"Terry McAuliffe: Chavez is Bush’s fault"

I swear, I couldn’t make this stuff up if I tried. This profile in moonbattery is brought to you by Hot Air, and sponsored by the letters “BDS“:

McAuliffe was about as honest as I expected, which is to say that he didn’t strike me as being particularly honest. During Q&A, our own Ian pestered Terry Mac about his Global Crossing earnings. If you haven’t heard about that or his interesting land deal, well, you don’t know just how much of a hypocrite he is for criticizing the business deals of everyone named Bush. Ian did well going toe to toe with the man who ran the DNC for about 8 years.

Also during Q&A, several liberals in the audience came at McAuliffe from the left, giving him the chance to burnish his nutroots credentials. He took the opportunity and ran with it. One asked him why the US is so unpopular with Hugo Chavez, prompting McAuliffe’s BDS affliction to come out in full glory. Keep in mind that Chavez is turning all of Venezuela into an armed camp as he cozies up to the Iranian mullahs and turns himself into a clone of Fidel Castro. Keep in mind that Chavez calls himself an enemy of the US, and keep in mind that Chavez currently rules Venezuela by dictatorial decree as he nationalizes (a fancy way of saying “steals”) private companies. Keep in mind that Chavez was kept in power, in all likelihood, by a sham election certified real by Jimmy Carter. Keeping all of that in mind, McAuliffe actually blamed Chavez’s actions and attitudes on George W. Bush.

Which, if he’s being logically consistent (is that possible? – Ed.), means Castro is entirely the fault of John F. Kennedy.

As this guy so hilariously illustrates, it’s all Bush’s fault! Amazing that a guy supposedly as idiotic as the left portrays him to be is capable of that kind of evil genius, isn’t it?

March 15, 2007 Posted by | Hugo Chavez, hypocrisy, moonbats | 1 Comment

Another socialism failure in Venezuela

Yeah, that Hugo sure is doing a helluva job. From the Old Gray Hag:

Faced with an accelerating inflation rate and shortages of basic foods like beef, chicken and milk, President Hugo Chávez has threatened to jail grocery store owners and nationalize their businesses if they violate the country’s expanding price controls.

Food producers and economists say the measures announced late Thursday night, which include removing three zeroes from the denomination of Venezuela’s currency, are likely to backfire and generate even more acute shortages and higher prices for consumers. Inflation climbed to an annual rate of 18.4 percent a year in January, the highest in Latin America and far above the official target of 10 to 12 percent.

“It is surreal that we’ve arrived at a point where we are in danger of squandering a major oil boom,” said José Guerra, a former chief of economic research at Venezuela’s central bank, who left Mr. Chavez’s government in 2004. “If the government insists on sticking to policies that are clearly failing, we may be headed down the road of Zimbabwe.”

The economy grew by more than 10 percent last year, helping Mr. Chávez glide to a re-election victory in December with 63 percent of the vote. Yet economists who have worked with Mr. Chávez’s government say that soaring public spending is overheating Venezuela’s economy, generating imbalances in the distribution of products from sugar to basic construction materials like wallboard.

Public spending grew last year by more than 50 percent and has more than doubled since the start of 2004, as Mr. Chávez has channeled oil revenues into social programs and projects like bridges, highways, trains, subways, museums and, in a departure for a country where baseball reigns supreme, soccer stadiums.

In an indicator of concern with Mr. Chávez’s economic policies, which included nationalizing companies in the telephone and electricity industries, foreign direct investment was negative in the first nine months of 2006. The last year Venezuela had a net investment outflow was in 1986.

Shortages of basic foods have been sporadic since the government strengthened price controls in 2003 after a debilitating strike by oil workers. But in recent weeks, the scarcity of items like meat and chicken has led to a panicked reaction by federal authorities as they try to understand how such shortages could develop in a seemingly flourishing economy.

Economic ignorance abounds here, by both socialists and the NYT (pardon the redundancy). It’s simple, oh functional economic illiterates: if you keep food retailers (or any other business owners) out of a profit margin, do you think they’re going to work for free? The more that government tries monkeying with prices and basic supply and demand, the more damage it does to the very people that government purports to want to help.


With shoppers limited to just two large packages of sugar, a black market in sugar has developed among street vendors in parts of Caracas. “This country is going to turn into Cuba, or Chávez will have to give in,” said Cándida de Gómez, 54, a shopper at a private supermarket in Los Palos Grandes, a district in the capital.

José Vielma Mora, the chief of Seniat, the government’s tax agency, oversaw a raid this month on a warehouse here where officials seized about 165 tons of sugar. Mr. Vielma said the raid exposed hoarding by vendors who were unwilling to sell the sugar at official prices (in other words, they wanted to make a profit…those bastards! – Ed.). He and other officials in Mr. Chávez’s government have repeatedly blamed the shortages on producers, intermediaries and grocers (aka the market! – Ed.).

Those in the food industry argue that the price controls prevented them from making a profit after inflation rose and the value of Venezuela’s currency plunged in black market trading in recent weeks. The bolívar, the country’s currency, fell more than 30 percent to about 4,400 to the dollar in unofficial trading following Mr. Chávez’s nationalization of Venezuela’s main telephone company, CANTV, and its largest electric utility, Electricidad de Caracas.

Fears that more private companies could be nationalized have put further pressure on the currency as rich Venezuelans try to take money out of the country. Concern over capital flight has made the government jittery, with vague threats issued to newspapers that publish unofficial currency rates (officially the bolívar is quoted at about 2,150 to the dollar).

“There seems to be a basic misunderstanding in Chávez’s government of what is driving scarcity and inflation,” said Francisco Rodríguez, a former chief economist at Venezuela’s National Assembly who teaches at Wesleyan University.

“There are competent people in the government who know that Chávez needs to lower spending if he wants to defeat these problems,” Mr. Rodríguez said. “But there are few people in positions of power who are willing to risk telling him what he needs to hear.”

Take note, Dubya! The left thinks that Chavez is wonderful, and since Hugo threatens newspapers that publish anything that could be seen as detrimental to Hugo’s image, one can logically conclude that the left approves of such censorship. Therefore, if Bush were to do the same thing to the NYT or other leftwing fishwrap that Hugo is doing to his newspapers, the left would support the move, no?

February 17, 2007 Posted by | economic ignorance, Hugo Chavez, socialism | Leave a comment