HT: Clarice Feldman

What sort of parallel universe have we slipped into when Putin warns against the dangers of socialism while at the same time our own President gives us the bum’s rush into that very abyss. Here are Putin’s exact words in his speech at the opening ceremony of the World Economic Forum in Davos (excerpt/emphasis added)…

In the 20th century, the Soviet Union made the state’s role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.

Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.

And one more point: anti-crisis measures should not escalate into financial populism and a refusal to implement responsible macroeconomic policies. The unjustified swelling of the budgetary deficit and the accumulation of public debts are just as destructive as adventurous stock-jobbing.

Source: Wall Street Journal

Tags: obama, POLITICS, Putin