Reply With QuoteWhen you will stop posting those ridiculous articles of/from people who completely missed the fact that this mess was created with government interference? Socialism is the culprit here, not the savior.
Hugo Chavez celebrates 'comrade' George W Bush's conversion to socialism
Source:http://www.telegraph.co.uk/news/worl...al-crisis.htmlSocialist Venezuelan President Hugo Chavez mocked George W. Bush as a "comrade" saying the US president was a left-winger for his lifeline to major banks.
Last Updated: 8:35AM BST 16 Oct 2008
Venezuela's President Hugo Chavez Photo: EPA
Chavez, who describes capitalism as evil, ridiculed Mr Bush for his plan to buy stocks in American banks despite his widespread criticism of Venezuelan nationalisations.
"Bush is to the left of me now," Mr Chavez told an audience at a debate on the benefits of socialism. "Comrade Bush announced he will buy shares in private banks."
Chavez, who has insulted Mr Bush in the past as a drunkard or the devil, accused him of parroting the words of his aides without understanding the new policies that rely on heavy state intervention.
"I am convinced he has got no idea what's going on," said Mr Chavez, who has nationalised large parts of the Venezuelan economy in recent years and is in negotiations to take over a Spanish bank.
The Bush administration, which has promoted free-market policies throughout Latin America, resisted taking shares in banks for weeks. But, faced with a spiralling financial crisis, it reversed course this week with a multi-billion dollar plan.
Mr Chavez, who the US labels an autocrat, is a vocal critic of Mr Bush.
Despite the ideological differences between the two governments and the diplomatic sparring that led weeks ago to the countries expelling each other's ambassador, Venezuela remains a major oil supplier to the United States.
When you will stop posting those ridiculous articles of/from people who completely missed the fact that this mess was created with government interference? Socialism is the culprit here, not the savior.
I think its far from conclusive that government is the sole cause of the current mess, I would rather pin the blame on greed.Originally Posted by Mr.Flint
Wow, you know the world is in a bad way when Hugo Chavez becomes an agent for increasing freedom!
And what is wrong with Chavez? His attempts to make SA free from US?
[Brain] Laundries delivery boys are very busy in those periods...
Though not the direct cause, the policies created in the finance committee and passed through Congress and approved by the Prez certainly didn't hurt. And, the SEC was out to lunch.
Claiming other people's territory?....
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