Former KGB Head Advises Obama — and Gives Good Advice

Why wasn’t this covered by the Oldstream Media?  The Anchoress challenges us to google this information.  I did it for “putin warns against socialism” and received only New Media references — not one single reference from ABC, CBS, NBC, CNN, or FOX.  Where the frak are they hiding?

He’s evil, but the man knows socialism inside out.  He grew up under it and lived through its downfall.  He understands the psychology of it.  He was head of the KGB, for heaven’s sake.  Putin scolds Obama and the Dems:

Excessive intervention in economic activity and blind faith in the state’s omnipotence is another possible mistake.

True, the state’s increased role in times of crisis is a natural reaction to market setbacks. Instead of streamlining market mechanisms, some are tempted to expand state economic intervention to the greatest possible extent.

The concentration of surplus assets in the hands of the state is a negative aspect of anti-crisis measures in virtually every nation.

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.

Read the whole thing.  Everything the man says NOT to do is what the idiots in Washington DC are doing.  The freakin’ former head of the KGB is the good guy here …. unbelievable.

 Hat tip:  Anchoress and  Gateway Pundit