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You Knew It Wouldn't Take Chavez Long

"Comrade Bush is heading toward socialism."

And he's not the only person in Latin American who sees the irony. Congressman Edwin Castro of Nicaragua had this to say about our government's bailout plan:

"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.

Here's the rest if you'd like to read it.

Socialism for the rich. Free market for everybody else. That about sums up the situation. People who worked at Lehman Brothers for decades are laid off and then get told Lehman's won't be able to pay them severance effective now. But the CEOs get to "retire" instead of being fired which means they get a nice retirement package to take along with them. And thanks for your years of service making horrible financial decisions.

AIG execs and sales people went on a $443k luxury retreat at a beach resort a week after they got a taxpayer funded $85 billion bailout. And then when they get called on it, they had the balls to come out and say it's no big deal, they do this all the time.

Hello, braintrust, I think part of the reason we're in the trouble we're in now is because morons like you are in charge of so many people's finances and don't seem to grasp simple concepts like how wrong it is to have a $443k "meeting" in the first place. Gah!

By min | October 10, 2008, 12:33 PM | Liberal Outrage