Quote:
Originally Posted by montel
so we are trying to work out if his actions are socialist (eg. government intervention in markets). in that context, how are the above any different? in all cases the government is buying private assets to "save" organisations/people. as for "rescue banks" this could mean anything.
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in regards to "rescue" vs "bailout"
i was using Mccains words against him. He corrected a question asker in the second presidential debate for calling it a bailout, mccain said, "i dont call it a bailout, i call it a rescue"
as for whether it is socialist or not, by definition, I suppose.
http://www.house.gov/paul/congrec/co.../cr091002b.htm