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Flatulo

(5,005 posts)

11. But all that lavish social spending was based on vast oil revenue.

Wed Dec 31, 2014, 07:24 AM

Dec 2014

With oil tanking, they've got nothing coming in.

The lesson here is don't put all your eggs in one basket. You need a much more diversified economy so that when one sector shits the bed, there's still money coming in. The Russians are learning this lesson as we speak.

Chavez didn't help with all the nationalizing he did - he scared away all the foreign investment.

Lastly, all the vilification of the most productive members of society has caused a massive brain drain as the technical class flees the country.

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Venezuela's president blames opposition for deep recession [View all] Zorro Dec 2014 OP

Amazing how the 1% is obviously the enemy of the middle class.. busterbrown Dec 2014 #1

You can't just blame other people. You have to fuck over the most vulnerable and send jtuck004 Dec 2014 #2

Just like Walker jhasp Dec 2014 #3

It appears that "socialist" Nicholas took a page from the RWNJ playbook Jake Stern Dec 2014 #4

How did they miss the notion of blaming Obama? 1step Dec 2014 #5

No, he did that too... EX500rider Dec 2014 #33

+1! Many people did, but restoring relations with Cuba was a plus, huh? Just wait for it... freshwest Dec 2014 #38

Marduro Is Going Down StevePaulson Dec 2014 #6

But all that lavish social spending was based on vast oil revenue. Flatulo Dec 2014 #11

"all the vilification of the most productive members of society has caused a massive brain drain ". Tarheel_Dem Dec 2014 #30

Yeah, It's The Opposition StevePaulson Dec 2014 #7

Tough times for Venezuela. I wish them the best. Comrade Grumpy Dec 2014 #8

As do I. joshcryer Dec 2014 #21

Nice chorus of low post count detractors here, too. What's up with that? Comrade Grumpy Dec 2014 #9

I think there's some automated software that flags posts containing "Venezuela" to make the job DireStrike Dec 2014 #10

I Just Blew Coffee Out My Nose StevePaulson Dec 2014 #26

The problem in Venezuela madokie Dec 2014 #12

No - the problem is they are spending more money than they bring in hack89 Dec 2014 #13

This is about the oil companies wanting what they consider their property back madokie Dec 2014 #14

So the oil companies sponsored the currency regulations hack89 Dec 2014 #15

Oil companies and the cia madokie Dec 2014 #16

You keep saying that with no proof hack89 Dec 2014 #17

How about you look at the big picture madokie Dec 2014 #18

Enjoy your Koolaid. Nt hack89 Dec 2014 #19

The dim economic figures creeksneakers2 Dec 2014 #39

Wrong StevePaulson Dec 2014 #28

"This is about the oil companies wanting what they consider their property back" EX500rider Dec 2014 #34

The opposition has no power and hasn't for a decade. joshcryer Dec 2014 #20

I know some of the leaders of the opposition, they lost billions but still have hundered of millions Exultant Democracy Dec 2014 #25

Venezuela has the second highest homicide rate in the world. It was much safer BEFORE Hugo n/t Bacchus4.0 Dec 2014 #31

Can you name these "billionaires?" joshcryer Dec 2014 #42

Of course I can name them Exultant Democracy Dec 2014 #44

That's absurdity. joshcryer Jan 2015 #45

+1. Nt newfie11 Dec 2014 #22

SOS Venezuela ! reACTIONary Dec 2014 #23

The Ven opposition is led by the worst of the worst and they activly use economic warefare Exultant Democracy Dec 2014 #24

Says another 'expert' on Venezuela. nt COLGATE4 Dec 2014 #27

So, just exactly how have they managed this so completely? Adrahil Jan 2015 #46

He also blamed the US on Ven's economic problems because we are producing too much oil Bacchus4.0 Dec 2014 #29

He & Putin are singing the same song. "The US is producing too much oil just to hurt us". Waaahhhh! Tarheel_Dem Dec 2014 #32

Why object to us producing our own and leave 'em alone since we're so awful. freshwest Dec 2014 #40

"Why object to us producing our own and leave 'em alone since we're so awful." Tarheel_Dem Dec 2014 #41

Nope, although China has... er, *issues* one might say... The USA is 'tag you're it' for too many. freshwest Dec 2014 #43

Venezuela recession confirmed as Maduro attacks US 'oil war' Bacchus4.0 Dec 2014 #35

It all adds up to a wild flurry of excuses for his own mismanagement. Yo_Mama Dec 2014 #36

Or head for thr border... brooklynite Dec 2014 #37