October 8, 2013

In Venezuela, It's Still 'Yankee Go Home'

Charles Shapiro, Los Angeles Times

The Associated Press

What's really going on? Maduro needed a scapegoat. The Venezuelan economy is a mess. Inflation is running at more than 40% over last year. The black-market exchange rate for the bolivar is almost six times the official rate. Shortages of consumer products are common. (Maduro's solution to a toilet paper shortage was to order the Venezuelan National Guard to occupy a company that produces paper products.) Increasingly, Maduro blames his country's domestic economic woes on sabotage, hoarding and conspiracies. He even cited Spiderman movies as the reason the country's murder rate has doubled in 14 years.

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TAGGED: United States, Nicolas Maduro, Hugo Chavez, Latin America, Venezuela


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