So the federal government "bail-outs" of Lehman Brothers, Bear Stearns and AIG… they just nationalized these companies, didn’t they?

I’m sure the federal government and people from both parties would be loathe to call it that, but isn’t that what happened?

I’m not even saying its a bad thing, but lets call a spade a spade.  Maybe taking over privately held companies is the only way to keep the whole economy from sliding in to crisis.  I can buy that.  I understand that.

But that’s not raw capitalism.  That’s the heavy hand of a state run economy, isn’t it?  Its a matter of scale I’m sure, because its only a couple of companies.

To quote John McCain "You can put lipstick on a pig, but its still a pig"

Call it anything you’d like, but it is still w

andering towards socialism and state management of the economy.

Tags: Family, Misc, Politics //