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Dec 14th 2005

Hugo Chavez’s Venezuela: Poorer Than Before

For all the ignorant and perfect Latin American idiots out there who love Venezuela’s Hugo Chavez, check these facts out (translated below):

En los 7 años que Hugo Chávez lleva en el poder en Venezuela, desde 1999, ingresaron a ese país por el petróleo 350.000 millones de dólares. Sin embargo, el «índice de pobreza» ya elevado de 43% subió a 54% (cifras del Instituto Nacional de Estadísticas INE). En el mismo lapso, la indigencia subió de 20% a 28% (misma fuente venezolana). La deuda externa subió de 22.000 a 27.000 millones de dólares.

In English:

In the seven years that Hugo Chavez has been in power in Venezuela, starting in 1999, $350 billion have entered the country in oil revenues. Nevertheless, the Poverty Index already at 43% has risen to 54% (numbers from the National Institute of Statistics, INE [doug's note: The INE is a Venezuelan government agency]). En the same time period, indigence has risen from 20% to 28% (same Venezuelan source). The external debt has risen from $22 billion to $27 billion.

Sad, but true.

You can read the original article at Alejandro Rozitchner’s blog or at the Barcelona daily, La Vanguardia (registration required).

In an effort for balance, read Mark Weisbrot’s “explanation” as to why these figures are misleading [PDF]. And check out Weisbrot’s previous apologist ramblings for Chavez. Somebody get that guy a book!

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