Things Just Got A LOT Worse For Venezuela…

As you know, things aren’t going well in Socialist Venezuela…

Here’s a recap:

So President Nicolas Maduro came up with a solution!

HE’LL RAISE THE MINIMUM WAGE 40 PERCENT. Just like that! YAY! NO ONE IS EATING ZOO ANIMALS ANYMORE!

Holy mother of IDIOCY. The minimum wage isn’t the problem in your country, you drooler. It’s the SOCIALISM.
According to Reuters:

Venezuelan President Nicolas Maduro announced a 40 percent increase to the minimum wage as of January, a move that will foment what many economists already consider hyperinflation in the oil-rich but crisis-stricken nation.

Note: the country is incredibly oil-rich. What’s happening now isn’t because a lack of resources… it’s because of a lack of economic competency or common sense. SOCIALISM WILL ALWAYS FAIL.

In his televised year-end address, leftist Maduro said the new wage level would protect workers against what he calls Washington’s “economic war” to sabotage socialism.

“Good news!” said the former bus driver and union leader, speaking next to a Venezuelan flag in a midday address.

Most economists say the government is in fact fomenting a vicious cycle in a country already wrestling with the world’s fastest inflation.

To counter those price increases, Maduro has been raising the minimum wage, but quickening inflation coupled with a depreciating bolivar currency has plunged millions into poverty.

Venezuelans will now earn some 797,510 bolivars a month, factoring in food tickets, or just over $7 on the widely used black market index. Millions will still be unable to afford three meals a day, while the increase is likely to stoke inflation further. Prices went up 1,369 percent between January and November, according to figures released earlier this month by the opposition-led Congress, which estimated the 2017 rate would top 2,000 percent. The Venezuelan government no longer publishes inflation data on a regular basis.

Literally anyone who has completed a high school level economics class can tell you why this is a terrible idea.

(Yet somehow, the Dems all push for the same thing.)

Opposition politicians say Maduro’s refusal to overhaul Venezuela’s state-led economic model and stop excessive money printing will only create more misery in 2018.

Maduro then pulled the ultimate Hillary move…

Maduro, however, spent much of his half-hour address blaming others for the country’s woes. He said foreign and local media were spreading ”negative propaganda,” while Venezuela was facing “attacks” on its currency and attempts to “sabotage” its oil industry.

“What? Me?! It’s EVERYONE ELSE’S FAULT!” – Liberals all over the world.

This isn’t going to end well…