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What's It Worth?

Look what's happening in Venezuela!

Uploaded on January 09, 2010

Hugo Chavez took control of this fine country approximately 10 years ago. Today his handiwork is clearly visible to all of those who will take the time to look.

Chavez wrested control from the people and immediately added sever restrictions to the entrepreneurial spirit of the populace. He then veered the country’s economy sharply to the left through government control of industry, massive government spending and price controls of virtually everything, including medicine.

Currently the country produces almost nothing( oil excepted) and imports are required for even the basic needs. The Venezuelan currency used to trade at 2.15 per dollar and at the present trades at 6.25 per dollar. Mr. Chavez’s answer to this economic disaster is to further devalue their currency and to suggest stimulus through more government spending.

Does any of this seem familiar? The comparison to our own inept administration is truly frightening!

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from Sourdough Dave wrote 4 years 14 weeks ago

Hugo Chavez referred to our President as "Comrade Obama" and said of him that he and Fidel Castro had to look out because Obama was to the left of them.

+1 Good Comment? | | Report
from alabamaoutlaw wrote 4 years 14 weeks ago

Glad to see it ,it couldn't happen to a better guy than Hugo.Hate that the people have to live in this type of supression .I guess I would have to pack my bags and head to the jungle.

+2 Good Comment? | | Report
from ableskeever wrote 4 years 14 weeks ago

Its really too bad that our leaders praise their system and that of Cuba... Its 2010, time to act with our votes.

+2 Good Comment? | | Report

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from alabamaoutlaw wrote 4 years 14 weeks ago

Glad to see it ,it couldn't happen to a better guy than Hugo.Hate that the people have to live in this type of supression .I guess I would have to pack my bags and head to the jungle.

+2 Good Comment? | | Report
from ableskeever wrote 4 years 14 weeks ago

Its really too bad that our leaders praise their system and that of Cuba... Its 2010, time to act with our votes.

+2 Good Comment? | | Report
from Sourdough Dave wrote 4 years 14 weeks ago

Hugo Chavez referred to our President as "Comrade Obama" and said of him that he and Fidel Castro had to look out because Obama was to the left of them.

+1 Good Comment? | | Report

Post a Reply