History repeats itself in Venezuela
By Don Flassing
President Hugo Chavez of Venezuela just received approval to be "President for Life," rather than be limited to two terms. How does this happen?
Well, after years of financial mismanagement and partisanship in Venezuela, Chavez was elected promising to clean up government and put an "excess profits tax" on oil companies to help support the poor and workers.
With the Chavez tax policies, foreign investors fled the country. Banks were nationalized. Unemployment escalated. Only government jobs increased. People became more dependent on the government for promised handouts. The unions gained strength and Chavez was reelected promising to tax the remaining rich to support the poor and working class. He called this a "stimulus package."
Venezuela now has a larger percentage of the populace dependent on the government than there are in private industry, assuring Chavez's continued majority and coalition "for life."
If any of this sounds familiar, please stop me before Obama's sixth term?

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