Chavez Failure More Obvious

Article By Writer Michael Kraft Author: Michael Kraft
Published: February 20, 2008
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Here’s a bit of truth in the pages of the New York Times, were they highlight thew failing economy in venezuela while Chavez pledges money and support for terrorists (FARC) and not for his own people.

“CARACAS, Venezuela — These should be the best of times for Venezuela, blessed with the largest conventional oil reserves outside the Middle East and oil prices near record highs. But this country’s economic and social problems have become so acute lately that President Hugo Chávez is facing an unusual onslaught of criticism, even from his own supporters, about his management of the country.

In a rare turnabout, it is Mr. Chávez’s opponents who appear to have the political winds at their backs as they reverse policies of abstention and prepare dozens of candidates for pivotal regional elections. Mr. Chávez, for perhaps the first time since a recall vote in 2004, is increasingly on the defensive as his efforts to advance Venezuela toward socialism are seen as failing to address a growing list of worries like violent crime and shortages of basic foods.

While Mr. Chávez remains Venezuela’s most powerful political figure, his once unquestionable authority is showing signs of erosion. Unthinkable a few months ago, graffiti began appearing here in the capital in January reading, “Diosdado Presidente,” a show of support for a possible presidential bid by Diosdado Cabello, a Chávez supporter and governor of the populous Miranda State.

Outbreaks of dengue fever and Chagas disease have alarmed families living in the heart of this city. Fears of a devaluation of the new currency, called the “strong bolívar,” are fueling capital flight. While the economy may grow 6 percent this year, lifted by high oil prices, production in oil fields controlled by the national oil company, Petróleos de Venezuela, has declined. Inflation soared by 3 percent in January, its highest monthly level in a decade.

In fact, some economists see a slow-burning economic unraveling playing out in a country flush with oil revenues. But as Mr. Chávez embarks on his 10th year in power, it is becoming harder for him to blame previous governments for the malaise.

This holds true especially in poor areas where voters failed to turn out in support of the president in a December referendum on a constitutional overhaul that would have vastly increased Mr. Chavez’s powers, a stinging defeat from which the president has yet to recover. “I cannot find beans, rice, coffee or milk,” said Mirna de Campos, 56, a nurse’s assistant who lives in the gritty district of Los Teques outside Caracas. “What there is to find is whiskey — lots of it.””

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** The “strong Bolivar” is what Chavez cals te new fake money. What he did was just remove the zeros from his current money to hide the record breaking inflation in his failed leftist revolution. What used to be called 1000 Bolivares is now labeled 1 Bolivar, to make it look like the 14-19% inflation isnt happening. How long before he invents other “genius ways” to hide his failures?…give him a week or two.

Hugo Chavez is a failure as a president and dictator