By Daniel Cancel

March 6 (Bloomberg) -- Venezuelan President Hugo Chavez comments on U.S. President Barack Obama and the state of the U.S. economy. He made the remarks today on Venezuelan state television.

“It’s regrettable the crisis that the U.S. is living through. Millions of workers are being left in the street, thousands of companies are closing, in the U.S. there isn’t a single new infrastructure project. Go look for a highway there, the country has gone bust.”

“Now President Obama arrived with some announcements, hopefully, but the capitalist model and its perverse values have failed.”

“I recommend to Obama -- they’re criticizing him because they say he’s moving towards socialism -- come Obama, ally with us on the path to socialism, it’s the only road.”

“Imagine a socialist revolution in the U.S. Nothing is impossible.”

To contact the reporter on this story: Daniel Cancel in Caracas at dcancel@bloomberg.net.