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Thursday, October 16, 2008

[mukto-mona] Hugo Chavez celebrates 'comrade' George W Bush's conversion to socialism following financial crisis

Hugo Chavez celebrates 'comrade' George W Bush's conversion to socialism following financial crisis

Socialist 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.

 
Venezuela's President Hugo Chavez
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.

Reuters South Africa
Hugo Chavez celebrates 'comrade' George W Bush's conversion to ...
Telegraph.co.uk, United Kingdom - 11 hours ago
Socialist 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. ...
Chavez says "Comrade Bush" turns left in crisis Reuters South Africa
Venezuela's Chavez says Bush turning into a socialist The Standard
You Have To Laugh 2 EURSOC
all 44 news articles »

BBC News
Venezuela's Chavez: Oil prices may keep falling
Forbes, NY - 14 hours ago
CARACAS (Reuters) - Venezuelan President Hugo Chavez said Wednesday oil prices, which have dropped by half in the last few months, will probably keep ...
Venezuela's Chavez Vows To Survive Falling Oil Prices CattleNetwork.com
Chavez Talks Austerity As Oil Boom Softens Oil and Gas Industry Latest News
Chavez foresees greater fall for oil PRESS TV
Bloomberg - BBC News
all 57 news articles »  CX

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