PETER ROST: PHARMA MARKETING EXPERT WITNESS. AWP, MEDICAL DEVICE EXPERT.: Latin American countries laughing their heads off at U.S. financial problems.

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Latin American countries laughing their heads off at U.S. financial problems.

With the Bush administration's Treasury Department resorting to government bailout after government bailout to keep the U.S. economy afloat, leftist governments and their political allies in Latin America are having a field day, gloating one day and taunting Bush the next for adopting the types of interventionist government policies that he's long condemned.

"We were just talking about that this morning on the floor," said Congressman Edwin Castro, who heads the leftist Sandinista congressional bloc in Nicaragua. "We think the Bush administration should follow the same policies that they and the International Monetary Fund have always told us to follow when we have economic problems — a structural adjustment that requires cutting government spending and reducing the role of government.

"One of our economists was telling us that Bush has just implemented communism for the rich," Castro said.

No one in Latin America has been making more hay of Bush's turnabout than Venezuela's President Hugo Chavez, a self-proclaimed socialist who is the U.S.'s biggest headache in the region.

"If the Venezuelan government, for example, approves a law to protect consumers, they say, 'Take notice, Chavez is a tyrant!'" Chavez said in one of his recent weekly television shows.

"Or they say, 'Chavez is regulating prices. He is violating the laws of the marketplace.' How many times have they criticized me for nationalizing the phone company? They say, 'The state shouldn't get involved in that.' But now they don't criticize Bush for having nationalize . . . the biggest banks in the world. Comrade Bush, how are you?"

The audience laughed and Chavez continued.

"Comrade Bush is heading toward socialism."


Anonymous Anonymous said...

This is simply beautiful. Never thought I'd live to see something like this. The socialists & communists laughing at the mighty America the bastion of the so called freedom and free markets. How easily the might have fallen. The question is how low will they go? If US pulls it off and saves itself and the rest of "free" world from depression, it will never be the same. Bush on the other hand will go down in history as the worse of the worse. No need to build his library unless he wants all this terrible mess to be stored there. Who would want to go to see it anyway? Legacy? Yes, some legacy?

Anonymous Anonymous said...

And Obama will happily lead us to the Socialist future that Chavez claims we are heading towards. It the chnage that he belives in.


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