|Venezuela Inspires Obama to Boost Minimum Wage|
|by Tom McGregor||Sun, May 4, 2014, 08:47 PM|
President Barry Obama is touting a legislative bill to boost minimum wage in the USA. He seeks to follow Venezuela's 'Chavista' Socialism economic model to 'Share the Wealth.'
According to the BBC News, "Venezuela will raise the minimum wage by 30% on 1 May, President Nicolas Maduro has announced. He said he would also raise pensions by the same amount. The increase is below the level of annual inflation, which official figures put at 56.2% for 2013."
Venezuela's economy is struggling with severe power shortages and President Maduro had to crack down on baby diaper smuggling. Accordingly, Obama sees Caracas as the bright and shining 'City on a Hill' for America's future.
As reported by the BBC, "The announcement comes after almost three months of mass protests against Mr Maduro's government triggered by rising inflation, shortages of some basic goods and a high crime rate."
Venezuela is facing an 'Arab Spring' within its boundaries.
To read the entire article from the BBC News, link here:
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