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Thread: AP: VP of Venezuela Has Announced Hugo Chavez has Died

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by American View Post
    So when will Obama order flags lowered to half-staff?
    Depends on what Hoops Valerie Jarrett has him jumping thru first....."oh," and after Obama gets done with another Round of golf.

    Although, I was surprised that Obama had no statement concerning what his mentor had to say. Do you think it means anything when Obama wont support nor acknowledge those remarks? Especially when it was one who he was taught by?

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Mr.Nick View Post
    Yay, the thief has died.

    What a POS clown...
    Well at least he now knows some truth!


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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by MMC View Post
    Well at least he now knows some truth!

    I wonder where Specolli is?

    hahaha...

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by MMC View Post
    Well his failure to diversify has led to their stagnation. All their inlays comes thru Petroleum Products and considering the Price of Oil is not the same when Chavez first came in he could have done more. Plus Rueters did a piece on the state corruption with Fonden which runs 1/3rd of all Venezuela's Investments.

    The waste is everywhere. Just like when Chavez tried to work out his massive housing deal.
    Thats nonsense.

    owimage002-2.jpgowimage002-3.jpgowimage003.jpgowimage005.jpg
    Investment and GDP Growth in Venezuela | venezuelanalysis.com

    Manufacturing has increased, as has trade, as has capital formation.

    I'd like to see the piece by Rueters.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Passenger View Post
    Because it's irrelevant even if is it is true and not based on some right-wing hate site. Either way another desperate attempt by the obedient Chavez haters to discredit him that has nothing to do with his policies.
    Yeah. Like those obedient Fox-News-Bots in Human Rights Watch

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by jmotivator View Post
    Well, first, the price of a barrel of crude was $22 in 1997, it is currently $111.00.

    Second, the rest of the joke zoomed over your head.
    What was the joke ...


    That chart is EXTREMELY subjective and doesn't actually show the reality, just peoples perception, which is expected in a polerized country.

    That number was taken by an organization called "Criminal Justice International Associates," which is just one right wing dude, which a history of anti-Chavez nonsense, look up the source.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by Fenton View Post
    Oh BS.

    You people on the left need to STOP LYING. At least to Americans.

    Venezuela was a backwards Socialist crime ridden hell hole under Chavez who devalued their currency making everything more expensive and nationalized the oil industry as Venezuelas neighbors were expanding their free markets and actually HELPING the poor.

    His manipulation of the his nationalized oil companies drove fuel prices up all over the world.

    Socialism guarantees evrryone, not just the poor suffer
    That's not what the numbers say, living standards have gone up, number of poor people have gone down, those in serious poverty has dropped, health care quality has gone up, as has education, venezuela has one of the most vibrant cooperative models around.

    yes there hs been crime and deflation, all economies have problems, but overall, his model has been extremely successfull, which is why his NEIGHBORS have all taken a left turn.

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by RGacky3 View Post
    Thats nonsense.

    owimage002-2.jpgowimage002-3.jpgowimage003.jpgowimage005.jpg
    Investment and GDP Growth in Venezuela | venezuelanalysis.com

    Manufacturing has increased, as has trade, as has capital formation.

    I'd like to see the piece by Rueters.
    Mr Chavez's failure to diversify Venezuela's economy means that oil is still its mainstay. In fact, it accounts for more than 90% of the country's foreign currency inflows.
    About 50% of government revenues come from the petroleum industry, mostly from state company PDVSA.

    Mr Chavez's government took firm control of PDVSA in 2003, when it fired 40% of the workforce in the aftermath of a general strike aimed at forcing him from power.

    But critics have accused the firm of neglecting maintenance while it funnelled oil revenue into government social programmes, especially after an explosion in August 2012 at the Amuay refinery, the country's largest, in which 42 people were killed.

    Instead of investing in PDVSA to increase production, Mr Chavez treated it as a cash cow, milking its funds to finance his social spending on housing, healthcare and transport.

    Finding out just how that money has been dispensed is not easy. But the government has become steadily more involved in every sector of the economy, to the detriment of the private sector.

    But if you look at the superior economic performance of neighbouring Brazil and Colombia during the same period, it suddenly doesn't look so rosy.

    BBC News - Hugo Chavez leaves Venezuela in economic muddle

    What would the link by Reuters change when they are citing Rueters for that part?

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Here ya go RG.....the Rueters link.

    Fonden is the largest of a handful of secretive funds that put decisions on how to spend tens of billions of dollars in the hands of Chavez, who has vowed to turn the OPEC nation's economy into a model of oil-financed socialism. Since its founding seven years ago, Fonden has been funneling cash into hundreds of projects personally approved by Chavez but not reviewed by Congress -- from swimming-pool renovations for soldiers, to purchases of Russian fighter jets, to public housing and other projects with broad popular appeal.

    The fund now accounts for nearly a third of all investment in Venezuela and half of public investment, and last year received 25 percent of government revenue from the oil industry. All told, it has taken in close to $100 billion of Venezuela's oil revenue in the past seven years.

    Fonden attracts scant attention beyond policy experts and Wall Street analysts. But it is at the heart of Chavez's promise to use Venezuela's bulging oil revenue to build new industries, create jobs and diversify the economy in the service of his self-styled revolution.

    Finding out how much of that money Fonden has spent, and on what, is not easy. The most detailed descriptions usually come from Chavez himself, rattling off multimillion-dollar investments on television while chatting with workers and extolling the virtues of socialism. Fonden does not regularly release lists of projects in its portfolio.

    Adversaries excoriate it as a piggy bank that lets Chavez arbitrarily spend billions of dollars with little more than the stroke of a pen and perhaps a celebratory Tweet, with accountability to no one. The secrecy also makes it impossible to determine what went wrong - at Fonden, or at the ministry level, or on the ground -- when a project like Pulpaca stalls.

    At the same time, Chavez is under growing opposition fire over abandoned or half-built projects, including some that received millions of dollars from Fonden. A fleet of modern busses for a transit project in the city of Barquisimeto, which received $301 million from Fonden, were left sitting idle so long that vines started growing inside them.

    Some information about Fonden's outlays can be found in annual reports of government ministries. The finance ministry last year released a partial list of projects, following pressure by Ramos, the opposition legislator. A link on Fonden's website apparently dating from 2007 also provided a partial list of projects, but was taken offline in the first week of September. A cryptically worded internal Fonden document leaked to the press provides an outline of its financial investments, though it omits key details, such as losses on holdings.

    Other publicly available data is provided at irregular intervals and in formats that often do not allow for comprehensive comparisons. Public officials pressed for additional information are as laconic as Chavez is loquacious. A Reuters reporter at a Fonden event who approached the finance minister -- the fund's president - to ask questions was physically restrained by two security personnel.....snip~

    Special Report: Chavez's oil-fed fund obscures Venezuela money trail | Reuters

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    Re: AP: VP of Venezuela Has Announced Hugo Chavez has Died

    Quote Originally Posted by MMC View Post
    Mr Chavez's failure to diversify Venezuela's economy means that oil is still its mainstay. In fact, it accounts for more than 90% of the country's foreign currency inflows.
    About 50% of government revenues come from the petroleum industry, mostly from state company PDVSA.

    Mr Chavez's government took firm control of PDVSA in 2003, when it fired 40% of the workforce in the aftermath of a general strike aimed at forcing him from power.

    But critics have accused the firm of neglecting maintenance while it funnelled oil revenue into government social programmes, especially after an explosion in August 2012 at the Amuay refinery, the country's largest, in which 42 people were killed.

    Instead of investing in PDVSA to increase production, Mr Chavez treated it as a cash cow, milking its funds to finance his social spending on housing, healthcare and transport.

    Finding out just how that money has been dispensed is not easy. But the government has become steadily more involved in every sector of the economy, to the detriment of the private sector.

    But if you look at the superior economic performance of neighbouring Brazil and Colombia during the same period, it suddenly doesn't look so rosy.

    BBC News - Hugo Chavez leaves Venezuela in economic muddle

    What would the link by Reuters change when they are citing Rueters for that part?
    Yeah, Venezuela relies on oil, but it did so MORE before Chavez, manufacturing and other sectores has improved including oil.

    Brazil has been lead by Marxists ... literally, and Colombia, is something we should talk about if we are talking about human rights abuses, waayyy before venezuela..

    But the facts remain, millinos out of poverty, millions out of extreme poverty, and a growing non oil economy. GDP growth of over 5% (would'nt the US be happy with that), inflation (although high) is falling.

    http://www.cepr.net/documents/public...la-2012-09.pdf (read the actual Data).

    The truth is Chavez' policies made venezuela economically better off by leaps and bounds.

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