President Hugo Chavez claimed this week that he and his Cuban ally Fidel Castro are more conservative than left-wing U.S. President Barack Obama, referring to the American government bailout and takeover of General Motors, Reuters reported.
The Venezuelan leader was giving a speech on the “curse” of capitalism on Tuesday as GM was filing for bankruptcy and preparing for Washington to take control of 60 percent of the 100-year-old symbol of American capitalism.
“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,” Reuters quotes Chavez joking on a national TV broadcast.
Socialist Chavez has nationalized most of Venezuela’s economic sectors, including many oil projects that include joint ventures with private companies that give his government a 60 percent stake.
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