The hope and change of Hugo Chavez

El Universal - In a tour of the Synthetic Timber Socialist Manufacturing Plant located in Guacara, central Carabobo state, Venezuela's President Hugo Chávez said on Friday that his government will continue seizing the lands of central Aragua and Carabobo states "for the people and production." "They have take ownership of the best lands in the Aragua-Carabobo hub; for this reason, we have intervened thousand hectares and will keep on doing it, because there is plenty of wasteland."
What next Hugo, communes and production quotas? They tried that elsewhere in the world a long time ago Hugo, a roaring success that was, for the left. So many dead, so many physically and spiritually broken, never to recover. See here, Chavez is working on their spirit and I doubt very much that much will be left of them once he's done with his unique brand of hope and change.

Meanwhile their neighbors are getting on with the job - In the face of a global crisis that has cut the demand of exported goods; turned the financing tap off in the international market and evaporated foreign investment, the governments that command the main Latin American economies, except for the Venezuelan government, have embarked upon a number of policies to circumvent recession and mitigate its impact on people.

The medicine applied by Brazil, Mexico, Argentina, Chile, Colombia and Peru to keep the economic engine running is based on cutting taxes, increasing public expenditure in investment programs and incentives for job creation.

Chavez is out of ideas and will soon be out of others' money - ......The administration of President Hugo Chávez, according to the Finance Minister, has about USD 50 billion available in savings. Thus far, they have just announced actions aimed at matching the government accounts with falling oil revenues. In this way, most of the measures can be summed up as follows: budgetary restrictions, rising taxes and borrowing in the domestic market.

While President Chávez's government has a number of social programs labeled as missions, it should be noted that according to the latest progress report of state-run oil holding Petróleos de Venezuela (Pdvsa), contributions have diminished. A comparison of the first nine months of 2008 with the same term in 2007 found that Pdvsa's outlays for missions sank by 65.3 percent. González said that coverage of such missions should be also noted, as it is far from encompassing all the poor.

Duncan Currie on how Chavez is grinding that country into the dirt, another one the lefties can be proud of.

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