Venezuelan President Maduro Admits His Economic Plan Has 'Failed'

153 views

Socialist President of Venezuela, Nicolas Maduro, finally admitted to himself that the economic policies of his United Socialist Party of Venezuela, or PSUV, have “failed.”

"The production models we've tried so far have failed and the responsibility is ours, mine and yours," he told the PSUV majority in their Congress.

"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 continued. "No more whining, I want solutions comrades!"

In the past, President Maduro has typically blamed the United States and Washington, particularly the CIA, for the economic hardships in Venezuela, but as Forbes states, “The country faces a massive brain drain, with middle-class people leaving in droves to Madrid and Miami.”

The realization probably came after a huge energy outage that affected about 80 percent of the Venezuelan capital of Caracas. Once the outage was resolved, Marudo said he was planning on changing their gasoline policy.

“I’m committed and with a new national hydrocarbon policy we’ll have enough money, cash, in this country to invest in everything our people need,” Maduro said. “We’ll have money to spare.”

This is in addition to Maduro’s plan to “stabilize and change the country’s monetary life in a radical way” and boost the value of Venezuelan currency by axing five zeros off the refurbished bolívar.

As MRCTV previously reported, the IMF founded the inflation of the Venezuelan bolívar would likely hit 1 million percent this year and Maduro said himself that Venezuela was in an “economic war.”

MRCTV Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

This is why MRCTV, a program of the MRC, exists—to broadcast conservative values, culture, politics, expose media bias, and provide entertainment to new and diverse audiences. But we can’t do it alone. We are part of the only organization purely dedicated to this critical

Donate today to help MRCTV continue to produce videos and commentary that are seen far and wide. $25 a month goes a long way.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The MRCTV Team

DONATE

Connect

Sign up for MRCTV Daily newsletter to receive the latest videos and commentary.

MRC Merch