Venezuela economic growth at 5.2 percent

[Judi Lynn]

Posted on Tuesday, 11.20.12
Venezuela economic growth at 5.2 percent
The Associated Press

CARACAS, Venezuela -- Venezuelan officials are reporting 5.2 percent economic growth for the third quarter as compared to the same period last year.

Venezuela's Central Bank credited more supplies of imported goods and raw materials, as well as government spending on public housing projects.

The government's increased spending on housing came ahead of the Oct. 7 election, when President Hugo Chavez was re-elected to another six-year term.

The quarterly economic results announced Tuesday showed Venezuela's economy growing for an eighth consecutive quarter. Planning Minister Jorge Giordani said the results show Venezuela's growth is, in his words, "stable, sustainable."

The economy expanded at a quicker rate than last year's third quarter, when growth stood at 4.4 percent.

http://www.miamiherald.com/2012/11/20/3106708/venezuela-economic-growth-at-52.html#storylink=cpy
(Short article, no more at link.)

[Peace Patriot]

1. I'll be damned! The Associated Pukes and the Miami Hairball reported something POSITIVE about...

...the Chavez government.

But they keep the mocking names I've given them until further notice. They can't lie, distort and disinform 99.99% of the time and earn redemption with one bit of actual news.

The truth about Venezuela: Sizzling economic growth rate (10%), most of it in the private sector (not including oil) during the five year period, 2003 to 2008, while the Chavez government fought off coup d'etats, USAID funding recall election, oil bosses' lockout (trying to destroy the Venezuelan economy) and other Bush Junta hostilities; had one bad year (2009) in the Bushwhack-induced, worldwide Depression, and quickly started climbing back up--to positive growth predicted by, and fostered by, the government, to a 5.2 % growth rate now--and all this WITHOUT ANY CUTS TO SOCIAL PROGRAMS, even in their one rough year, nor any phony, 1%-er "austerity" bullshit inflicted on the people of Venezuela. Solid economic management, good planning, actually very conservative budgeting (budgeting for worst-case) and including about a 10% reduction in inflation.

"New Deal" economics--big government spending on social programs, government creation of government jobs, and strong regulation of the banksters and the Wall Street gamblers--is the answer to the goddamn mess that the Bushwhacks made of the U.S. and world economy--just like the Coolidge- and Hoover-whacks did in the 1920s.

The Leftist democracy movement in South America is proving this once again. When the rich get out of control, big government spending and strong government regulation of what FDR called "organized money," is the path back to prosperity. That's why there is so much lying, distortion and disinformation in the Corporate Press about the countries with LEFTIST governments, all of which are doing well, in concert with Venezuela, by NOT FOLLOWING Wall Street's dictates. They hate Venezuela most of all because Venezuela was the pioneer and inspirer of this rebellion against the 1%-ers.

[ocpagu]

2. An impressive performance.

Yet more impressive because Venezuela is already one of the largest economies of South America and it will grow four, five times more than other major economies, such as Brazil and Argentina.

Also good to see that the whole media was declaring Chávez's death too soon. According to earlier reports he should have been dead months ago...