Russian leaders blamed the US financial system's irresponsibility for the world economic crisis and said it should top the next American president's agenda, as Washington struggled to calm markets Wednesday.
"Whoever is elected president, the number one goal will be to shed light on the state of the (US) economy," Medvedev told reporters following talks with Spanish Prime Minister Jose Luis Zapatero in Strelna, near Saint Petersburg.
In Moscow meanwhile, Russian Prime Minister Vladimir Putin laid the blame squarely on the US financial system.
"Everything happening now in the economic and financial sphere began in the United States," he launched told a televised government meeting.
"This is not the irresponsibility of specific individuals but the irresponsibility of the system which claims leadership," he added.
The entire kind of reasoning used by Vlad is fallacious, because it assumes his markets are entirely helpless upon the US market, without ever ruling out that his own government might have a lot to blame for their financial woes.
Nevermind their invasion of Georgia - how about the lack of ANY kind of market reform in the USSR - oh I mean Russian economy?
It’s pathetic political pandering. I’m wondering when Vlad will put Russia under the yoke of communism again?
If I understand Lance correctly in the "Credit Default Swaps" post, we bailed out AIG to bailout European banks. I’m sure Russia benefited too. We’ll still be blamed no matter what.
The side effects of the "financial meltdown" are really amazing.
Obviously, the Russian stock market has lost half of it’s value. Who knew.
The price of oil is now below $100/barrel. If it goes below $85, the Iranian economy will crumble, but at current levels they will be feeling some pain.
The legacy of George Bush may actually get some credit based on a debacle not of his design.
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