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Post by 4loveofcountry on May 15, 2009 19:08:54 GMT -5
Venezuelan officials accompanied by soldiers have seized "temporary" control of a US-owned pasta producer. Venezuela says the plant, owned by the big US firm Cargill, had violated regulations on price controls intended to guarantee cheap food for the poor. The move further increases President Hugo Chavez's hold on the economy, after a series of recent take-overs of private and foreign-owned businesses. They include a Cargill rice plant, and services companies in the oil industry. Deputy Food Minister Rafael Coronado said the government would run the factory for 90 days, and would reassess the situation after that. He said it has not been producing sufficient quantities of a type of pasta sold at cheap, government-established prices. Price control The Cargill rice mill, taken over by the government for not producing rice covered by price controls, was similarly taken over this year. It was nationalised last March. Cargill had said it did not break the government's pricing rules on rice because the mill did not produce the plain rice which is regulated. Venezuela has set quotas and prices for 12 basic foods including rice, powdered milk, cheese and tomato sauce. Under the measure, 80% of all rice produced must be basic white rice. The measure also includes 95% of all cooking oil, coffee and sugar. Last week Mr Chavez sent troops to take over oil service companies including hundreds of supply boats, and two American owned gas facilities. He nationalised Venezuela's oil reserves, the largest in the Americas, two years ago. news.bbc.co.uk/2/hi/americas/8053006.stm
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Post by Gun Totin American on May 16, 2009 13:37:42 GMT -5
The scary thing about this is that you could supplement the name Obama for Chavez (omitting the part about the troops) and it wouldn't sound any different than what is going on in our country today.
I ask in all seriousness: How can anyone look at this and then look at Obama's actions and declare that our country is not following a socialist/fascist path? I can't answer that question, yet I see people in denial all of the time.
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Post by brocktownsend on May 16, 2009 13:54:09 GMT -5
"I ask in all seriousness: How can anyone look at this and then look at Obama's actions and declare that our country is not following a socialist/fascist path? I can't answer that question, yet I see people in denial all of the time."
Absolutely, and the only possible answer is that the majority of Americans are braindead.
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Post by 1776patriot on May 16, 2009 18:46:16 GMT -5
Chairman obama would send in acorn or one of its tentacles.
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