Antigua Sailing Week . . . By Hugo Chavez

The economy isn’t doing so well in Antigua & Barbuda, the small Caribbean nation that is home to world famous Antigua Sailing Week. The problem is they hitched their star to Sir Allen Stanford, who is now in the slammer for allegedly running an international Ponzi scheme to the tune of $8 billion. Not only was headline-grabbing Sir Allen the biggest private employer on the island of Antigua, he sponsored what was known as — until he was indicted — Stanford Antigua Sailing Week.

And who should pull on his Superman outfit and rush to the rescue but headline-grabbing Hugo Chavez, dictator of Venezuela. That Venezuela is in complete economic shambles didn’t stop Chavez from playing Joe Kennedy for the fool in the ‘oil for poor Americans’ program, and it’s not stopping him from posturing himself as the Savior of Antigua with a $50 million bailout.

Unfortunately, $50 million is a pittance of what Antigua needs, as the Antiguan government is being sued for $50 billion by plaintiffs who claim the island government was a full partner in Stanford’s Ponzi scheme.