typical leftist play to gin up a straw man enemy to take the heat off their miserable domestic policy
Posted on 10/13/2013 6:38:49 AM PDT by Cincinatus' Wife
BOGOTA, Colombia -- Annual inflation in Venezuela hit 49.4 percent in September, up from 18 percent a year ago, and basic goods became harder to find, the Central Bank reported Thursday.
The soaring consumer price index gives Venezuela the highest inflation in the hemisphere.
In September alone, inflation spiked 4.4 percent, driven by agricultural goods, transportation, education expenses and a 19.3 percent hike in electricity prices, the government said.
The new figures are ammunition for an opposition that is trying to turn December’s municipal election into a referendum on the six-month administration of President Nicolás Maduro. Inflation is a pocketbook issue as it saps consumers’ purchasing power.
The Central Bank also reported that the “scarcity index,” which measures the availability of basic goods, hit 21.2 percent in September versus 13.6 percent a year ago. The bank said that excluding auto parts, corn oil and sunflower oil, the scarcity index would be at 15.3 percent.
Maduro has blamed rising prices and chronic shortages on hoarding, speculation and an “economic war” waged by his rivals. The government raised minimum wage 20 percent in May and 10 percent in September. Wages are going up an additional 10 percent next month. But earlier this week, Maduro asked parliament for the right to rule by decree for 12 months to fight the economic battle and squash corruption. The National Assembly is expected to vote on the measure in coming weeks.
(Excerpt) Read more at miamiherald.com ...
typical leftist play to gin up a straw man enemy to take the heat off their miserable domestic policy
Liberals, socialists, etc can never be wrong; if their ideas aren’t working it is just because they didn’t do them enough.
This is why the left ALWAYS go back to the failed policies of the past.
This will not help their cause...
http://www.examiner.com/article/breaking-news-venezuela-detains-us-commercial-ship-guyanan-waters
United States Commercial vessel was seized by Venezuela as it was doing seismic testing in Guyanan waters for Anadarko Petroleum Corp, when a Venezuelan ship detained it and is now escorting it to Margarita Island in Venezuela. For decades Gyana and Venezuela have disputed the borders, but this is the first incident to come out of it.
This sounds like an attempt by Maduro to stir up a border dispute to divert the populace from what has happened to Venezuela.
Venezuela hit 49.4 percent
Obama will raise you 5.
It’s coming here and soon.
Wow...someone made Venezuela 50% bigger? How'd they do that? Did they conquer territory from their neighbors? Did the country expand further out to sea? How'd Venezuela get 50% bigger?
Oh...I get it! It's supposed to read "VenezuleaN inflation hits 49.4%. Another case of a lazy-a**, illiterate reporter and/or editor who forgot what they were allegedly taught in 3rd grade Language Arts, that adjectives, not nouns, modify nouns.
Sheesh...and people want to spend more on our worthless publick edjumuhkashun system.
Scouts Out! Cavalry Ho!
Workers’ Paradise ping. Thanks Cincinatus’ Wife.
“The government raised minimum wage 20 percent in May and 10 percent in September. Wages are going up an additional 10 percent next month.”
*jawdrop*
Not even the American government is dumb enough to jack up wages at that sort of insane rate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
