Barack Obama, Russia’s Putin and China’s Premier Lash Out At “Excesses” of US Capitalism…

Somewhere in Moscow and Beijing, Comrade Lenin and Chairman Mao are smiling. For the first time in history, within a space of 24 hours, the US President and his Chinese and Russian counterparts all spoke against the free enterprise system upon which the US economy is built.

Here are Obama’s wise words: NYT

President Obama fired a warning shot at Wall Street on Thursday, branding bankers “shameful” for giving themselves $18.4 billion in bonuses as the economy was spinning out of control and the government was spending billions to bail out many of the nation’s most prominent financial firms.

Mr. Obama said, adding that “there will be time for them to make profits and there will be time for them to make bonuses. Now is not that time.”

Of course now that the US Economy is nationalized, Obama gets to call the shots as to what happens in private enterprise, whether it is in line with the free enterprise system or not….

Incidentally, I think it is funny that he is complaining about banks paying bonuses of $18 billion when he is pushing to pass a “stimulus bill” that pays special interests over $500 billion.

For those who want to see the video of Obama talking like the Chairman of the Soviet Politburo, here’s a link (HT Hotair)…

Here’s what the leaders of Russia and China, two countries which have highly nationalized industries had to say… Russia’s Vladimir Putin and China’s Premier Wen Jiabao: Hurriyet

Chinese and Russian leaders Wen Jiabao and Vladimir Putin hit out at U.S. capitalist excesses for sparking the economic crisis as the Davos political and business summit made a gloomy start.

Chinese premier Wen said the “blind pursuit of profit” had led to the worst recession since the Great Depression as he opened the World Economic Forum late Wednesday

Is it just me, or is this simply bizzare?

Truth is, capitalism is not perfect, but the invisible hand of the market will always bring about a correction. Turning against capitalism is a short term, panic motivated approach, but then again Lenin built the Soviet State upon that premise…

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