Doc Mercer
EOG Master
The Times Comes Undone Over Venezuela
Today the New York Times published an editorial critiqueing the economic policies of the Venezuela government and pointing out supposed flaws in them. It's worth taking a look:
President Hugo Ch?vez of Venezuela had an especially good time baiting President Bush during their recent competing tours of Latin America. But demagoguery and showmanship will do nothing to solve Venezuela?s 20 percent inflation rate ? now the highest in Latin America ? and growing food shortages that are punishing the poor whose interests Mr. Ch?vez so loudly declaims.
Funny how they leave out that Venezuela also has the fastest growing economy in the Western Hemisphere, that real income is WAY up, and that food consumption was up 16% last year. I guess they were pressed for space and couldn't fit those little factoids into their editorial.
Too bad they also left out the little fact that in the 10 years prior to Chavez coming to power only ONCE did inflation go below 30% and that year it was 29.9%
Today the New York Times published an editorial critiqueing the economic policies of the Venezuela government and pointing out supposed flaws in them. It's worth taking a look:
President Hugo Ch?vez of Venezuela had an especially good time baiting President Bush during their recent competing tours of Latin America. But demagoguery and showmanship will do nothing to solve Venezuela?s 20 percent inflation rate ? now the highest in Latin America ? and growing food shortages that are punishing the poor whose interests Mr. Ch?vez so loudly declaims.
Funny how they leave out that Venezuela also has the fastest growing economy in the Western Hemisphere, that real income is WAY up, and that food consumption was up 16% last year. I guess they were pressed for space and couldn't fit those little factoids into their editorial.
Too bad they also left out the little fact that in the 10 years prior to Chavez coming to power only ONCE did inflation go below 30% and that year it was 29.9%
