Hugo Chavez jails 1% – class war mirrors Obama

December 7, 2011 11:39

Blame the banks and brokers for the collapsed economy. Where have we heard that before? Who is copying whom in the class warfare strategy?

By Michael Whipple, Editor

Blame the banks and brokers for the collapsed economy. Where have we heard that before? Who is copying whom in the class warfare strategy? reports that Chavez has jailed bond brokers in an attempt to blame them for the rampant inflation and ruined economy after twelve years of Chavez’ socialist central planning and nationalization of industries:

Chavez, ruler of the oil-rich country since 1999, has publicly blamed bond traders for accelerating inflation and devaluing the bolivar, Venezuela’s currency. In 2010, the country’s inflation rate was 27.2 percent. In just one month, from March to April of that year, consumer prices rose 5.2 percent.

…… dozens of brokerage executives fled the country in the coming weeks, some because they were named in arrest warrants and others who feared they could be next.

….. Even a politician as powerful as Hugo Chavez can’t, it seems, make the markets bend to his will, no matter how often he changes the rules and how many brokers he throws in jail.

Sound familiar? Jerry Bowyer warned us in November 2008 about everything that is happening with the thugs in the Obama administration. Writing in a article “Barack Obama, Fabian Socialist” he prophesied:

So here is the playbook: The left will identify, freeze, personalize and polarize an industry, probably health care. It will attempt to nationalize one-fifth of the U.S. economy through legislative action. They will focus, as Lenin did, on the “commanding heights” of the economy, not the little guy.

It may not be health care first; it might be energy, though I suspect that energy will be nationalized much more gradually. The offshore drilling ban that was allowed to lapse legislatively will be reinstated through executive means. It may be an executive order, but might just as well be a permit reviewing system that theoretically allows drilling but with endless levels of objection and appeal from anti-growth groups. Wind and solar, on the other hand, will have no permitting problems at all, and a heavy taxpayer subsidy at their backs.

The banking system has already been partially nationalized.

The capital markets are not freezing up now, mostly because of what has happened, although community organizers’ multidecade push for affirmative-action mortgages has done enormous harm to the credit system.

Everywhere I turn I hear complaints about bankers “hoarding” capital. “Hoarding” is a word we’ve heard often from violent socialists like Lenin and Mao. We also hear it from the democratic left as we did during the 1930s in America.

So why don’t they lend? Because socialism is a very unkind environment for lenders. Some of the most powerful members of Congress are speaking openly about repudiating mortgage covenants.

Then, there’s the oldest form of debt repudiation, inflation. Even if you get your money back, it will not be worth anything. Who would want to lend in an environment like this?

The psychic propaganda assault will be powerful. The cyber-brown-shirts will spew hate, the union guys will flood talk shows with switchboard-collapsing swarms of complaint calls aimed at those hosts who “go beyond the pale” in their criticisms of Obama. In concert with pop culture outlets like The Daily Show and SNL, Obama will use his podium to humiliate and demonize those of us who don’t want to come together and heal the planet.

You’ve heard of the bully pulpit, right? Well, then get ready, because you’re about to see the bully part.

Chavez had an early start but the playbook is the same. Here is Obama telling us free enterprise and self reliance don’t work:

“The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes — especially for the wealthy — our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty. Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked.

The only thing that works for those of Obama’s socialist ideology is a Chavez style all powerful government that decides who will get what and to what extent. That is why he chose Teddy Roosevelt’s “level the playing field” speech. The facts don’t matter. To Obama and Chavez its all about Marxist class warfare.

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