Thursday, October 30, 2008

Is it socialism yet?

http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=10335179

Leslie Stahl from 60 minutes asks a banker the question that has been plaguing me since I heard that the government was buying a big ownership stake in the nation’s banking system. What is socialism if it isn’t when the government owns major stakes in the commercial sector? Now in the U.S., after the bank bailout, that’s exactly what it is. And oddly, McCain and Palin accuse Obama of being a socialist. Last I checked McCain was heavily involved in the bailout package as was Obama…

But why is it that when the banking sector is in crisis and needs to be bailed out, or in this case socialized, it happens immediately and when say, the healthcare sector is in crisis, there’s no action whatsoever and suggesting that the system might be socialized ends up with politicians losing their jobs?

I don’t know. I’m just asking.

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