I don’t have much regard for Hugo Chavez, but he is right on this one, Obama is embracing socialism, he just needs to come out and acknowledge as much to the public, this way folks would understand what it is that he is putting the country through. Bloomberg
Venezuelan President Hugo Chavez comments on U.S. President Barack Obama and the state of the U.S. economy. He made the remarks today on Venezuelan state television.
“It’s regrettable the crisis that the U.S. is living through. Millions of workers are being left in the street, thousands of companies are closing, in the U.S. there isn’t a single new infrastructure project. Go look for a highway there, the country has gone bust.”

“Now President Obama arrived with some announcements, hopefully, but the capitalist model and its perverse values have failed.”
“I recommend to Obama — they’re criticizing him because they say he’s moving towards socialism — come Obama, ally with us on the path to socialism, it’s the only road.”
“Imagine a socialist revolution in the U.S. Nothing is impossible.”
& Drudge
The controversial Venezuelan leader, who taunted the United States as a source of capitalistic evil under former president George W Bush, added that the United States needs a leader who can take it to a “higher” destiny and bring it out of “the sad role that it has been given, as a murderous, attacking power that is hated all around the world.”
Chavez said that people are calling Obama a “socialist” for the measures of state intervention he is taking to counter the crisis, so it would not be too far-fetched to suggest that he might join the project of “21st century socialism” that the Venezuelan leader is heading.