Venezuela’s Hugo Chavez Tightens State Control … As Obama Looks to do the Same

Birds of a feather …

What can Obamanomics do for you? Or better yet what does Obamanomics have in store for you? Maybe the same thing that Hugo Chavez’s economic policies have done in Venezuela causing a complete catastrophe.

Venezuela’s socialist dictator Hugo Chavez looks to tighten state controls of food and set government imposed food prices amid out of control inflation. Chavez is basically making companies produce food at a loss with government imposed pricing. Venezuela’s nationalizations under Hugo Chavez.

President Hugo Chavez is tightening state control over Venezuela’s food supply, setting quotas for food staples which are to be sold at government-imposed prices.

Venezuela’s public finances are unravelling, with oil prices at $40 a barrel, while the national budget is calculated at $60 a barrel. Inflation is running at over 30 per cent, yet with the new measures Mr Chavez is seeking to ensure that his core support, the poor, can still fill their shopping baskets with food.

Obama would never think of nationalizing banks, credit card, auto or airline companies

As The Other McCain has stated, “Fixing prices, rationing, hyperinflation — you may say, “Well, that can’t happen here in America,” but how do you know?” Obama’s policies have already caused the stock markets to fall as investors have been driven out of the markets. Inflation cannot be too far around the corner of which presently, there is none. What do Obama and Chavez have in common? To solve the problem of tough economic times caused by government intervention, with more government intervention.

With that now achieved the Venezuelan leader, who has vowed to turn his South American nation into a model Socialist state, is now taking some unpopular decisions needed to stabilise his floundering economy.

While we sleep, we’re being led into fascist socialism

Sound familiar? Socialism never works. WAKE UP AMERICA!!!