Quote:
Originally Posted by J. Falcon
If your definition of moving towards socialism is the Fed government taking control of private assets, then Bush is more a socialist since TARP took control of more private assets with buying bank shares at cut rate prices than any other President in US history.
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I agree this practice is socialist in nature but as you point out yourself it's a long standing practice. That does not excuse it AT ALL and it's a serious problem but... it's not breaking new ground. What Obama is doing is pushing harder towards socialism with new legislation that he's very proud of and wins the hearts of many. Socialist ideals have always appealed to the hearts/emotions... Save GM, it's a part of American History!
I'm simplifying the issue here of course but you get what I'm saying... That pie graph up there would have been 100% previously, now it's not... that means until the pie chart starts to make it's way back towards 100% again we're moving TOWARDS socialism...
And obviously a pie chart doesn't reflect every other aspect of legislation it only shows the holdings...