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Chavez nationalizes Venezuelan steel company
Reuters ^ | Oct 31, 2010 | Enrique Andres Pretel

Posted on 10/31/2010 8:07:27 PM PDT by rdl6989

(Reuters) - Venezuela's President Hugo Chavez ordered the nationalization of local steel company Sidetur on Sunday in the latest of several recent government takeovers in South America's top oil producer.

(Excerpt) Read more at reuters.com ...


TOPICS: Front Page News
KEYWORDS: chavez; hugochavez; sidetu; venezuela
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To: rdl6989

followed by shortages, price hikes and imported steel


21 posted on 10/31/2010 9:08:57 PM PDT by GeronL (http://libertyfic.proboards.com <--- My Fiction/ Science Fiction Board)
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To: ClearCase_guy
Love the red shirt going Galt.
22 posted on 10/31/2010 9:09:57 PM PDT by Bronzy (Remember In November.)
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To: rdl6989
There's nothing funny about this. The SOB said he's doing it to continue on his road to Socialism.

We should tolerate nothing like this in the Americas. This guy is a cancer who should be eliminated, in the way that Castro never was.

Chavez is sitting on resources to wage war and become the dictator of South America if he gets far enough.

We know where the Kenyan Pretender comes down on this. But where is the Republican Party? Will they vehemently condemn this ominous act?

23 posted on 10/31/2010 9:23:11 PM PDT by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
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To: dr_who

Back when Marcos took over in the Phillipiens, My grandfather company was nationalized. Not only did he lose it all with in 18 months it ceased to exist. Chavez is doing a great destruction that will take decades to repare.


24 posted on 10/31/2010 9:28:05 PM PDT by teancumspirit (The name is pronouced Tea-anc-um)
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To: dr_who

No, their GDP will go up. Chavez can fix elections and take over companies. He certainly can run the government bureau of economic statistics.


25 posted on 10/31/2010 9:44:24 PM PDT by grumpygresh (Democrats delenda est)
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To: rdl6989

Coming soon to a nation near you.


26 posted on 10/31/2010 9:56:33 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: penelopesire; fallujah-nuker
Obama can’t take over the steel companies in America..the democrats and eco fascists already destroyed our steel industry years ago.

And don't forget the free-trade policies supported by both sides that did most of the damage.

27 posted on 10/31/2010 10:18:24 PM PDT by neutronsgalore (ROPERS DELENDA EST!!!)
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To: grumpygresh

I overlooked that. But who is he fooling, other than the UN?


28 posted on 10/31/2010 10:20:56 PM PDT by dr_who
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To: rdl6989
A standard comment about Chavez I've read in several Spanish forums/articles:

Es el Rey Midas al revés. Todo lo que Chávez toca, lo convierte em mierda.

He's King Midas in reverse. Everything Chavez touches, turns into $h**.

29 posted on 10/31/2010 10:30:01 PM PDT by DeFault User
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To: Regulator; fallujah-nuker
We know where the Kenyan Pretender comes down on this. But where is the Republican Party? Will they vehemently condemn this ominous act?

When you invest in a foreign nation it's "at your own risk", you don't deserve a bailout or punishment of those govts that take advantage of you unless they violate a treaty of which both nations are participants. Socialism has been proven a failure, any nation that chooses that path deserves the ruin that follows.

30 posted on 10/31/2010 10:30:05 PM PDT by neutronsgalore (ROPERS DELENDA EST!!!)
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To: rdl6989

Another business down the tubes, in the name of socialism. The goose that lays the golden eggs last gasp.


31 posted on 10/31/2010 11:11:52 PM PDT by usacon (I love the USA.)
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To: rdl6989
Nationalize CITGO’s US holdings!!!
32 posted on 11/01/2010 3:17:11 AM PDT by Red Dog #1
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To: ClearCase_guy

Cool.

Thanks.


33 posted on 11/01/2010 3:28:48 AM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: Red Dog #1

Just throw the company out.


34 posted on 11/01/2010 3:40:53 AM PDT by bmwcyle (It is Satan's fault)
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To: Vision Thing

Concerning the Chavez comment about sulfur, he said it about Bush, not Obama. Here’s a link:

http://articles.cnn.com/2006-09-20/world/chavez.un_1_venezuelan-president-hugo-chavez-nuclear-technology-veto-power?_s=PM:WORLD


35 posted on 11/01/2010 4:50:48 AM PDT by Rocky (REPEAL IT!)
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To: neutronsgalore

The American steel industry could have competed with any country if they were not so saddled with regulations,unions, and other government intrusions. No doubt that some of the free trade agreements were poorly thought out, but that is not the biggest reason the industry has all but folded here imho.


36 posted on 11/01/2010 6:35:32 AM PDT by penelopesire ('Obama's Wars' are with our own military..Bush's Wars were with our enemies!)
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To: pankot

Back in ‘91 many thought Hussein’s days were numbered. As for Venezuela, I wouldn’t make any hasty conclusions. There are still a few buildings standing.


37 posted on 11/01/2010 3:03:12 PM PDT by dr_who
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To: penelopesire; fallujah-nuker
The American steel industry could have competed with any country if they were not so saddled with regulations,unions, and other government intrusions.

Without a horrendously severe reduction in American steel-industry wages (like 75% or more) and wipe-out of benefits, any tax & regulation decreases would not be enough. Now if you combine the tax & reg decreases with tariffs to wipe out the foreign competitions' otherwise insurmountable advantages (especially with regards to the Chinese) then you'd have a winning combo.

38 posted on 11/01/2010 10:36:45 PM PDT by neutronsgalore (ROPERS DELENDA EST!!!)
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