Quote: Originally Posted by
MaggieMae 
You beat me to the punch, again.
True Socialism would have meant total government control over and operation of Chrysler and putting employees on the government payroll. Same with the bank bailouts (which is a misnomer because the TARP funds are loans, not cash thrown into their coffers with no accountability). If Socialism was the intent, the government would have taken over all the financial institutions. End of story. Obama is a Socialist would have been true.
Isn't it ironic, though, that the bailout of the S&L's by the Reagan administration isn't ever mentioned as being a "socialistic" maneuver? On a much smaller scale, it was the same kind of situation.
I don't believe Obama ran for office with the plan of the Govt buying banks and auto manufactures or lending Wall Street billions. The economic fiasco was thrust upon him and he is doing the best he can to avoid a catastrophe. While folks can legitimately debate what the best course of action would be, the proposition that fiscal stimulus and intervention to unfreeze the credit markets can certainly be logically defended.
Good point about the S&Ls.