With the Bush administration in Washington planning to partly nationalize nine of America’s biggest banks in an effort to increase the flow of credit– with no detectable objections from leading Republicans– isn’t it a bit rich for them to accuse Barack Obama of being some sort of socialist? (He’s not, any more than Franklin D. Roosevelt was.)
The Bush administration is (wisely) using a dose of socialism to save capitalism from itself– just as Roosevelt did, and just as Obama will if he is elected.
