Deadbeat Chavez Takes One From ACORN’s Playbook

By: Steve Maley (Diary)  |  May 15th at 06:59 PM  | 

In declaring squatter’s rights, maybe Uncle Hugo has heeded the advice of a certain former Community Organizer. On May 7, Venezuela’s National Assembly passed a law allowing the selective nationalization of oil service firms. On May 8, President Chavez exercised his newly minted authority and nationalized the assets of some 60 foreign-owned oil-service companies. Service companies are not the owners of reserves; Venezuela already stole | Read More »