Irish Liberty Forum

US Takeovers Dwarf my Nationalisations: Chavez

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Reported in the Gulf Times (via Max Keiser):

Socialist President Hugo Chavez has said the $900bn being spent by the US government to bail out failing financial companies dwarfed his bill for nationalising a big chunk of Venezuela’s economy…

“They have criticised me, especially in the US, for nationalising a great (telecom) company, CANTV, that didn’t even cost $1.5bn,” Chavez said at a ceremony that included representatives of US oil company Chevron.

“The US has spent $900bn, four times what the Venezuela produces in a year, to try to boost the troubled finance system and housing market.”


Written by Graham

September 23, 2008 at 12:38 pm

Posted in economics, politics, USA, World

One Response

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  1. […] the intensely anti-free market policies recently implemented in the USA, the UK, the EU, Ireland,  as well as on a global level, one wonders what other so-called […]

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