Monday, October 8, 2012

Chavez is doing a great job?

Venezuela is mired in problems, including out-of-control violent crime, crumbling roads and bridges, and power blackouts that regularly plague much of the country outside the capital. Oil production, the country's mainstay, has plateaued in recent years, and other exports have not picked up the slack. The overall economy grew this year, largely because of a huge pre-election boost in government spending, but clouds loom. A devaluation of the Venezuelan currency, the bolĂ­var, is widely seen as inevitable, and inflation remains stubbornly high.

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