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Chavez to Fidel: We May End Up on Obama's Right

Posted By James Gattuso On June 4, 2009 @ 8:56 am In Economics | Comments Disabled

The Administration’s plan to take over General Motors certainly startled a lot of people, both in the U.S. and internationally. Now comes word that even Hugo Chavez — an acknowledged expert in the theory and practice of nationalization — found the move remarkable, publicly musing as to whether President Obama has now outflanked Fidel Castro and himself.

On a live television broadcast Tuesday, the Venezuelan president remarked [1]: “Hey, Obama has just nationalized nothing more and nothing less than General Motors. Comrade Obama! Fidel, careful or we are going to end up to his right.”

It was presumably a joke. Still, there’s always the concern that the Obama Administration will take it as a challenge. After all, the Administration’s motto is “yes, we can.” They might.

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URL to article: http://blog.heritage.org/2009/06/04/chavez-to-fidel-we-may-end-up-on-obamas-right/

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[1] remarked: http://www.reuters.com/article/ObamaEconomy/idUSTRE5520GX20090603?feedType=RSS&feedName=ObamaEconomy&virtualBrandChannel=10441

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