Thursday, March 7, 2013

American Media Chronicles Failures of Crazy Chavez

He just couldn't get his priorities straight!


AP: Chavez Wasted His Money on Healthcare When He Could Have Built Gigantic Skyscrapers

By Jim Naureckas
From  FAIR:

One of the more bizarre takes on Venezuelan President Hugo Chavez's death comes from Associated Press business reporter Pamela Sampson (3/5/13):
Chavez invested Venezuela's oil wealth into social programs including state-run food markets, cash benefits for poor families, free health clinics and education programs. But those gains were meager compared with the spectacular construction projects that oil riches spurred in glittering Middle Eastern cities, including the world's tallest building in Dubai and plans for branches of the Louvre and Guggenheim museums in Abu Dhabi.
That's right: Chavez squandered his nation's oil money on healthcare, education and nutrition when he could have been building the world's tallest building or his own branch of the Louvre. What kind of monster has priorities like that?

Venezuelan Poverty Rate
Souce: NACLA's Keane Bhatt

In case you're curious about what kind of results this kooky agenda had, here's a chart (NACLA,10/8/12) based on World Bank poverty stats–showing the proportion of Venezuelans living on less than $2 a day falling from 35 percent to 13 percent over three years. (For comparison purposes, there's a similar stat for Brazil, which made substantial but less dramatic progress against poverty over the same time period.)

Of course, during this time, the number of Venezuelans living in the world's tallest building went from 0 percent to 0 percent, while the number of copies of the Mona Lisa remained flat, at none. So you have to say that Chavez's presidency was overall pretty disappointing–at least by AP's standards.

No comments:

Post a Comment

Comments will be lightly moderated, with disfavor for personal attacks and stunning irrelevancies, and deference to the trenchant and amusing.

Featured Post From The Archive:

Ship of Fools: What Trump Teaches

It happened. Yes, I was surprised. Since I spend a lot of time in western Pennsylvania, I knew there was more support for Trump than...