Bolivarmageddon: Castro Puppet Maduro Seizes GM Plant

From our Castro Colonies Bureau:

As Venezuelans take to the streets to demand an end to tyranny and their country teeters on the brink of absolute collapse, the Castro regime is apparently advising its puppet Nicolas Maduro to finally turn Venezuela into an exact duplicate of Cuba, once and for all.

Yesterday Maduro’s shock troops stole a manufacturing plant from General Motors.

A very common Castro tactic is to commit the most outrageous acts while the world is busy looking at other events, and right now everyone is paying attention to the riots in Venezuela rather than to anything else, such as property theft.

This may be the beginning of a final Castro-style takeover of all private enterprises in the country.

It seems King Raul and his minions have run out of patience and are growing increasingly desperate about losing their most valuable colony.

Venezuela’s GM plant

From CNN Money

General Motors says it will immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities.

GM (GM) described the takeover as an “illegal judicial seizure of its assets.”

The automaker said the seizure showed a “total disregard” of its legal rights. It said that authorities had removed assets including cars from company facilities.

“[GM] strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions, within and outside of Venezuela, to defend its rights,” it said in a statement.

GM’s subsidiary in the country — General Motors Venezolana — has operated in Venezuela for nearly 70 years. It employs nearly 2,700 workers and has 79 dealers in the country. GM said it would make “separation payments” to its workers.

Venezuelan authorities did not immediately respond to a request for comment.

Huge swaths of Venezuela’s economy have been nationalized in the years since former President Hugo Chavez rose to power. Under Chavez, who took office in 1999, the state took control of private oil, telecommunications, energy and cement businesses.

President Nicolas Maduro, handpicked by Chavez as his successor, has continued the tradition.

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Puppeteer and his puppet