Originally posted by: JS80
I give it 15 years before Venezuela is completely in ruins and there is another revolution.
Chavez begins to ruin his country.
Chavez also alluded to Jesus, saying: "I swear by Christ ? the greatest socialist in history."
😕 WTF
He said a commission was being formed to oversee proposed constitutional reforms, including one that would allow "indefinite re-election" by doing away with presidential term limits that bar him from running again in 2012.
Translation: he's working on becoming dictator of Venezuela.
With oil profits booming and his popularity high, Chavez seems to be in step with many Venezuelans even as spooked investors rushed to sell off Venezuelan stocks in the affected companies after his nationalization announcement Monday.
First elected in 1998, Chavez has cemented his popularity by using a bonanza in oil profits to set up state-funded cooperatives and fund social programs from subsidized grocery stores to free universities.
It will be a rude awakening when oil profits dry up.
"They want to nationalize everything. This is the beginning," said Marisela Leon, a 47-year-old engineer who said she might consider leaving the country because she sees difficult times ahead.
In other news, Venezuela no longer has engineers in it's population...
But most of Chavez's largely poor supporters remain optimistic. Miguel Angel Martinez, a 52-year-old street vendor, said the president "has dedicated himself to studying communist, socialist and democratic models and has taken the best of those models."
Orlando Vera, a 63-year-old window washer, said nationalization makes sense for companies that serve the public interest. "Everything the man is doing is good," he said, adding that his economic situation has improved under the Venezuelan leader.
...and only street vendors and window washers are left.
