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Argentina's Congress nationalized the country's biggest oil company, YPF, by an overwhelming lower house vote on Thursday that underscored broad popular support for a measure that threatens to scare off foreign investment.
"It's a good move for the country because if the government does not control strategic resources such as oil, it loses power," said financial analyst Leonardo Rodriguez, 32, as he sipped a latté in the well-heeled Buenos Aires neighborhood of Puerto Madero.
“It's a very diverse region and we would not call what we are seeing a trend,” IMF spokesman Gerry Rice told reporters, responding to a question about Bolivia's decision this week to nationalize the local unit of Spain's Red Electrica. Rice declined to comment on the Bolivian move, but repeated the IMF position that “a predictable investment climate is crucial in all countries and in all regions.”
Now that right there is funny isn't it. Under Socialism the taxpayer will be the richest person? Tell me how many poor people pay taxes in the US? Do you even know the stats on who actually pays the bills and who doesn't?
Originally posted by Germanicus
The taxpayer will be the richest person in every nation. The IMF will be a distant memory and we will have uptopia.edit on 4-5-2012 by Germanicus because: (no reason given)