Will the Fed Bail Out Hugo Chavez?

Will the Fed Bail Out Hugo Chavez?

Here's another reason to worry about recent signs that the U.S. dollar is again heading south: A slumping dollar could grant much-needed relief to Yankee-baiter Hugo Chávez, whose presidency is beginning to buckle from a shortage of the greenbacks he needs to pay for imports and to keep the national oil monopoly running. Even the Venezuelan despot is panicking.

Last month he accelerated his crackdown on freedom. But far from being a sign of strength, the steps he took were desperate measures designed to stave off an economic debacle.

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