Monday, February 16, 2009

This is NOT going to make the State Dept happy

Chavez wins bid to scrap term limits.

Some guesses from unnamed analysts:
But analysts also suggested that the comfortable victory will also embolden the government to confront serious economic challenges caused by a collapse in oil revenues.
And unnamed economists at Barclays:
Economists at Barclays suggest the government will soon implement a financial transaction tax, increase the value added tax rate and cut expensive subsidies on domestic petrol prices, which are some of the cheapest in the world.
'Nuff said.

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