Wow, what a shame. He's well on the way to destroying Venezuela's oil
industry, and the economy isn't going to be far behind.

On 1/31/07, Vivec wrote:
>
> " CARACAS, Jan 31 (Reuters) - Venezuela's Congress on Wednesday gave
> initial approval to a bill granting President Hugo Chavez powers to
> rule by decree for 18 months as he tries to force through
> nationalizations key to his self-styled leftist revolution.
>
> Congress overwhelmingly passed the initial stage of the bill in a show
> of hands, agreeing to call the measure an "enabling law".
>
> The lawmakers, all loyal to Chavez after opposition parties boycotted
> the 2005 congressional elections, flaunted their populist credentials
> by taking the unusual step of holding their vote in public, gathered
> in a square in Caracas.
>
> If passed as expected, the final vote would allow anti-U.S. leader
> Chavez, who has been in power since 1999, to deepen state control of
> the economy.
>
> Chavez has targeted the oil industry and utilities, affecting many
> foreign owners and shareholders.
>
> The economic reforms are set to work in tandem with increased
> political centralization. Chavez is forging a single party to lead his
> radical reforms, stripping the central bank of autonomy and seeking
> indefinite reelection.
>
> The opposition accuses Chavez of being a tyrant in the making, taking
> a slow-burning approach to following Cuban leader Fidel Castro. Chavez
> argues he will always tolerate opposition and will step down if he
> loses an election. "
>
> http://tinyurl.com/2wabbe
>

-- 
---------------
Robert Munn
www.funkymojo.com


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