Economic Intervention

The Bush Administration is now in conversations with Congress to design $700 billion intervention plat to rescue the financial system. The Chavez administration has been intervening in the Venezuelan economy for some time now. As mentioned in previous posts, the Bush and Chavez administration share a number of striking similarities: both have placed their administration above their respective constitutions; both had bend the system to create a more powerful executive; and now both have intervened the economy. My sense is that their similarites come from the fact that both administrations are ideologically driven.