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"Is this your opinion or is it facts based on some statistical evidence?"

http://www.csmonitor.com/2008/0521/p06s01-woam.html

"The factors influencing inflation are country-specific, and solutions are debated among economists. But Jerry Haar, a professor at Florida International University and coauthor of the new book "Can Latin America Compete?" says it's no coincidence that the countries with the highest inflations are the same left-leaning countries – Argentina, Venezuela, Nicaragua, and Bolivia – with high public spending
and price controls."


"Even in Argentina, the current, unofficial rate – estimated by economists to be as high as 25 percent – is not catastrophic, but "

"In Venezuela, rising prices – the average inflation rate from March 2007 to March 2008 was 29.1 percent – have also hurt President Hugo Chávez's popularity."

Hey, isn't Obama a left leaning character? you bet......

the writing is on the way.

Pelosi is even more of a left winger, too!

t.



"But the impact is more far-reaching. Luis Alberto Moreno, head of the Inter-American Development Bank, told the Miami Herald recently that inflation is "perhaps the biggest challenge in the hemisphere for countries today."

Nicaragua, which is one of the hardest-hit nations with an inflation rate of 17 percent last year – held a food summit early this month. President Daniel Ortega blamed the crisis on the US and the "tyranny of global capitalism." Venezuela and its allies pledged to create a $100 million food fund.

For now, many countries have, like Argentina, relied on a patchwork of price controls that some embrace and others call "Band-Aid" approaches. President Evo Morales in Bolivia, which reported an annual rate of 11.7 percent in 2007, temporarily prohibited exports of cooking oil last month.

But Napoleon Pacheco, an economist at the Fundacion Milenio in La Paz, Bolivia, says such measures have failed – and the hardest-hit are the poor. "Inflation has the biggest impact on those with limited resources," says Mr. Pacheco. "In surveys the decreased power of salaries is voters' biggest worry." "

We, too, can be like the lib socialist counties....and it will hurt the poor the most..and the middle class will suffer severly too...your retirement vanishes before your eyes.
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