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Fidel Castro mocks Bush speech on financial crisis

world Updated: Sep 26, 2008 09:47 IST

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Former Cuban president Fidel Castro mocked US President George W. Bush for the speech he gave late on Wednesday on the spiraling US financial crisis.

In an article published in Cuba's leading newspapers on Thursday, the convalescing 82-year old Castro derided Bush's failure to assign blame for the collapse of US financial institutions.

"Looks like 'democratic capitalism' doesn't include self-criticism," Castro wrote.

"In any case, we must not be ungrateful or impolite: we have to thank Bush for his brilliant insight on political theory," Castro added, tongue-in-cheek.

Bush on Wednesday delivered a 13-minute televised speech urging the US Congress to pass his government's 700 billion dollar bailout plan for Wall Street, and warning: "our entire economy is in danger could experience a long and painful recession."