Archive for December 8th, 2010

How many housing units can you build in Venezuela for the cost of a sophisticated air missile system?

December 8, 2010

Today we learn that Russia sold our almighty leader 100 sophisticated air missile systems. It had been known that Venezuela had made the purchase, what was not known is that so many of them had been acquired. Thus, Chavez continues to arm the country for an unknown war with someone. The enemy used to be Colombia, now I gathered it must be back to the US and Obama, since Bush is no longer around.

There are two interesting questions. The first one is that according to Chavez’ original announcement, the purchase was made on credit from the Russians. Amazing no? A Government that is incapable of satisfying the most basic needs of the population, spends wildly on useless toys to satisfy the ego of our Dictator and keep the military men surrounding him happy with these expensive Xboxes.

But the second and more dramatic question is that the financing was for US$ 2.2 billion for some tanks and the 100 missile systems. I have no clue how much of these systems costs, but we go back to the example of a couple of days ago, For US$ 2.2 billion you could have built over 80,000 housing units, or 800 housing units for each missile system.

Which only goes to show that Hugo Chavez cares little for the “people” that he claims to love and that he has become the most irresponsible and insensitive President Venezuela has ever had by far. And we thought it would be hard for anyone to achieve this, but Chavez had done it by orders of magnitude. He finances Cuba’s invasion of Venezuela, guarantees that China will own the Heavy Oil tar sands by signing agreements impossible for PDVSA to comply with and borrows money to purchase absolutely useless weapons systems, while the people have water up to their necks…

I do hope Hugo Chavez rots in a jail cell in The Hague…