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January 22, 2007
Emperor Chavez
I'm on a "Chavez kick", I know, but the man just begs for coverage. Hugo and his buddies have created a scene so similar to Star Wars that George Lucas may be able to sue for copyright infringement.
Venezuela's National Assembly has given initial approval to a bill granting the president the power to bypass congress and rule by decree for 18 months.President Hugo Chavez says he wants "revolutionary laws" to enact sweeping political, economic and social changes.
He has said he wants to nationalise key sectors of the economy and scrap limits on the terms a president can serve.
Wonder who got to play the Jar-Jar Binks part of officially giving
After making another comparison of the Venezuelan Congress to "the German Reichstag in the 1930s in voting itself into irrelevancy", the Captain notes the grim future, first for outside investors, and ultimately for the Venezuelan people.
Western investors in Venezuela will suffer the same fate as those invested in Cuba before the fall of Batiste, or in Mexico during their occasional efforts to nationalize industries. They will be lucky if they can sell off their assets to Chavez for pennies on the dollar before he can seize them outright. The window for those transactions will close very shortly.More importantly, Chavez has condemned the people of Venezuela to oppression and further misery. When outside investors stop underwriting projects in the country, their economy will head straight down. Chavez will use what remains -- the oil production -- to make splashy festivals for the poor and open a few schools and hospitals. The vast majority of what profit he can take will go right back into the pockets of Chavez and his cronies.
I'm going to have to bring up again that it's the Sheehans and Belefontes and Glovers of the political spectrum (i.e. the Left) that have embraced this man in a bear hug. I assume they have no problem with a socialist taking dictatorial powers over a country? I know they'd be up in arms if Chavez was Republican, but a socialist dictator (and now he is indeed technically a dictator) is okey dokey? This tells us what the grass-roots left-wingers really want for our country, because socialism has worked so well every other place it's been tried.
Or not.
Posted by Doug at January 22, 2007 12:52 PM