Posted on 12/31/2014 4:16:20 AM PST by C19fan
Venezuela confirmed on Tuesday it had entered a recession while inflation remained the highest in the Americas, and President Nicolas Maduro's socialist government blamed political foes for the dismal data. The Central Bank said gross domestic product (GDP) contracted in each of the first three quarters: 4.8 percent, 4.9 percent and 2.3 percent. Twelve-month inflation reached 63.6 percent in November.
(Excerpt) Read more at cnbc.com ...
Recession? Venezuela is well into a total economic collapse.
Just wait till this Oil Tsunnami hits the US.
The ONLY good economic news during 0bama’s reign is the drilling and fracking on private lands.
If that economic activity, and those full time jobs, evaporate, what then??
Ain’t socialism grand!
Paging Margret Thatcher, paging Lady Thatcher, clean up in aisle V.
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Same socialist/communist results as usual and blaming the same "others," as usual.
“blamed political foes”...aka Bush’s fault.
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