Nothing like careful management - Venezuela

Another sterling example of Hugo Chavez' spot-on management skills. From My Way/Associated Press:

Venezuela annual inflation rate hits 30 percent
Venezuela's annual inflation rate has surpassed 30 percent after consumer prices surged in April.

The Central Bank and National Statistics Institute on Friday reported a 5.2 percent increase in consumer prices during April, driving up the annual rate to 30.4 percent.

President Hugo Chavez's government has been struggling against the highest inflation rate in Latin America and a weakening economy in general.

And Chavez' reaction:

The country imports most of its food, and Chavez on Friday announced the government will create an import-export corporation aiming to break with the private sector's "hegemony." It wasn't immediately clear how the new state entity would operate.

Straight out of the Marxist playbook and absolutely dead wrong. The opposite of what he should be doing to ensure a swift recovery. If he was doing this to himself, it would be funny to point and say Ha. Ha. but he is doing this to the 26 Million citizens under his care. I bet he lives really really well -- high on the hog. If he shows himself being frugal, it will be a Potemkin display.