Lessons From Venezuela?
On May 1, 2007, Venezuela stripped the world's biggest oil
companies of operational control over massive Orinoco Belt
crude projects, a controversial component of Hugo Chavez's
introduction of nationalization of private corporation. Chavez,
who won the support of the nations poor through oil funded
state healthcare, has since seized control of numerous private corporations in the name of socialism. Chavez has been accused of turning Venezuela into a communist state and has been called "a puppet seated in Castro's lap" by members of his own government.
In August of 2006 Chavez threatened to nationalize a Caracus-based firm unless it adjusted its pension payments
to rates set forth by Chavez. Chavez has recently seized
control of the nations electric and tele-communication
companies. Most recently, on March 6, 2009, Chavez called
for Obama to "
Come with us, align yourself, come with us on the road to socialism. This is the only path. Imagine a
socialist revolution in the United States".
It seems that the Obama administration is steering the
United States down the same road as Venezuela. Obama
has given "Turbo-Tax" Tim Geithner and the Treasury Department unprecedented control of Wall Street through the TARP and TALF programs. Now Obama has taken control of G.M. and ordered the firing of CEO Rick Wagoner. Even worse still the Treasury Department and President Obama engaged in extortion by threatening to audit Rick Wagoner's bank unless G.M. sold the Federal Government shares of G.M.
stock.
The latest "Bail-Out" recipients by the "spread the wealth" administration is the nations insurance companies, which
will certainly require replacement of company officers with people hand picked by Obama and "his team". What must
we do to put a stop to the continual handing out of tax
payer dollars? Beyond the $700 billion TARP plan, the
government has spent $2.5 trillion as of April 1, 2009, and
has made commitments for approximately $12.1 trillion.
Despite the astronomical amount of tax payer money that
has been spent, America lost another 669,000 jobs in
March, raising the unemployment rate to 8.5%, the highest since 1982.
It is said that those who do not learn from history are
are destined to repeat it. So perhaps it's time for America
to learn from Venezuela's recent history and stop the spread
of the new American socialist revolution. It is clear that the
bail-out funds are not doing anything to relieve the troubles
facing America and are in fact, creating hyper-inflation that
will take us decades to decrease.