McClatchy has an interesting story about how the Latin American Left is gloating about the federal government bailout in the United States. The whole thing is worth reading.
CARACAS, Venezuela — They don’t call him President Bush in Venezuela anymore.
Now he’s known as “Comrade.”
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.