[Jean S]

Pelosi is planning on meeting with this communist soon.

[COBOL2Java]

Hillary’s taking notes...

[SirLinksalot]

Chavez threatens to nationalize largest steel maker, banks We have seen this done step by step late last century -- Robert Mugabe started out doing the same thing in what used to be called the Bread basket of Africa -- ZIMBABWE.

What we see in Zimbabwe now is EXACTLY what we'll see in Venezuela in 5 years if Chavez continues on this path.

[kempster]

Imagnine a Communist thinking up something like that!

[IllumiNaughtyByNature]

Isn't this how the successfull regimes of Fred Taylor and Robert Mugabe got started?

/s

[b4its2late]

No wonder the dems love this little tyrant.

[montyspython]

Hey Senior Chavez, ask the North Koreans how much prosperity a similar plan has provided them.

[Enchante]

"Sidor not only must assure steel supply to Venezuela, it also must do it at "a low price," not the international price, he said."

The commie scumbag will not let up until he destroys Venezuela's economy........ all foreign investors and companies should have fled long ago, and now they might as well cut their losses and get out, it's not going to get any better. As for locals, well, they face a grim future of Castro-style totalitarianism if they do not find the means and opportunity to flee abroad.

[Right Wing Assault]

History is great. We get to see this same story over and over again, but with new and interesting characters. And it ends the same way, too.

[cardinal4]

Sidor not only must assure steel supply to Venezuela, it also must do it at "a low price," not the international price, he said.

Id shoot every asset I had offshore, If I was a Sidor exec..

[firebrand]

Ah for the good old days. When Allende nationalized the copper industry he was soon gone. Of course he had promised us he wouldn’t and I’m sure Chavez made no such promises.

[Excuse_My_Bellicosity]

I’m sure Jimmy Karter is drafting a congratulatory letter right now.

[fhayek]

Go ahead. Communism has been sooooo successful over the past century. High oil prices will keep Venezuela riding high for a while, but there will be a day of reckoning someday. Ask the Soviet Union.

[gogogodzilla]

The steel company needs to rig explosives onto all it’s facilities.

That way, they have a bargaining tool to use against Chavez.

IE - you can nationalize the company, but all you’ll get is a pile of rubble.

[FastCoyote]

“Sidor not only must assure steel supply to Venezuela, it also must do it at “a low price,” not the international price, he said.”

I think the only saving grace is that Hugo is moving so fast to drive the Venezuelan economy off the cliff, that it is going to be hard to claim “the Americans did it”. Without an embargo to blame (Fidel’s ploy), it’s all Hugo’s fault.