Posted tagged ‘AIG’

That Hugo Chavez is quite a character

September 28, 2008

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September 28 – That Hugo Chavez is quite a character. The revolutionary social President of Venezuela and the U.S.’s chief antagonist in the western hemisphere never fails to take a potshot at US President George Bush whenever there is an opportunity.

In light of the recent proposed government bailout of insurance giant AIG, Chavez recently said his oil-based economy is insulated from the U.S. crisis by its growing detachment from “this perverse financial system.”

He mocked Bush for using government funds to bail out private companies. The Bush administration is seeking congressional authority to buy as much as $700 billion in bad investments from financial firms to unfreeze the U.S. financial system.

“I nationalize strategic companies and get criticized, but when Bush does it, it’s OK,” Chavez said on his weekly television program Sept. 21. “Bush is turning socialist. How are you, comrade Bush?

Ooh. That’s gotta burn just a little…