Venezuela's president admits economy has failed

[Bacchus4.0]

https://www.yahoo.com/news/venezuelas-president-admits-economy-failed-193020358.html

Caracas (AFP) - Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas.

"The production models we've tried so far have failed and the responsibility is ours, mine and yours," Maduro told his ruling PSUV party congress, as Venezuela looks to tackle chronic inflation the International Monetary Fund predicted would reach one million percent this year.

"Enough with the whining... we need to produce with or without (outside) aggression, with or without blockades, we need to make Venezuela an economic power," he added late Monday, with the country grappling with a four-year long recession.

"No more whining, I want solutions comrades!"

[marble falls]

1. Six phases of a project:

1. Enthusiasm
2. Concern
3. Panic
4. Search for the guilty
5. Punishment of the innocent
6. "No more whining, I want solutions comrades!"

[exboyfil]

2. From 2900 to 1500 kilobarrels/day

My old debate partner regularly reports on Venezuela. The GDP has crashed 50%.

[nmgaucho]

3. No Mierda "El Sherlocko"

[GatoGordo]

4. Clarification: Maduro says Chavismo still "perfect". Failure lies with El Pueblo and "some" leaders

"No more whining, I want solutions comrades!"

Recently, Maduro punted to the ANC (a hastily assembled body of selected Chavistas asked to "rewrite" Chavez' Constitution, which they haven't done a year later) the hard work of finding all of the solutions that Chavismo has brought. Maduro is "out of ideas", but he isn't afraid to take the next step, which is to confiscate all private property and go full tilt Marx. Which is what the Castroists want.

The wheels are coming off, and El Pueblo has had enough... of Maduro. They still cling to the legacy of Chavez, unfortunately, so my belief is that things won't change until a lot of people end up dead due to disease and hunger. In the meantime, Chavismo will offer up all sorts of new figureheads with promises to bring back running water, reliable electricity, food on the grocery shelves, medicine in the hospitals, clean hospitals and clinics filled with REAL doctors and nurses, fuel, motor oil, tires and spare parts for transportation, working buses and trains, middle class jobs, food exports... and NOTHING will change. Again.

The Titanic is slipping beneath icy waves, and unfortunately, El Pueblo wants a new captain, like Chavez. That is the disconnect. It is discouraging.