Socialism in the US?
This is something that needs
to be carefully looked at.
The main issue is once started
where would it end.
But some Republicans who bit their tongues when President George W. Bush ordered huge interventions in the market would charge that Mr. Obama was steering America toward socialism.
Nationalization, said Charles Geisst, a financial historian at Manhattan College “is just not a term in the American vocabulary.”
“We think of it,” he continued, “as something foreigners do to us, not something we do.”
It is also something foreigners do to themselves: the British have recently taken a majority stake in the Royal Bank of Scotland.