The Slide to Socialism

Here come the socialists...

All the socialists are now coming out of the woodwork and signing on to the nationalization of Wall Street. That should show everyone that this bill was the first step in moving USA towards European-style socialism. It will be done in the name protecting the taxpayer by taking the next step and socializing the profit side of the equation now that we have socialized the risk of financial investments.

Don't think that we can't move towards socialism in your life time! How many people would have thought that within 6 short months the US Government would have nationalized almost 40% of the mortgage market (taking over of Fannie-Mae and Freddie-Mac), and the taking over of the world's largest insurance entity (AIG), and the take-out of 3 of the 5 largest investment banks on Wall Street (Bear Sterns, Lehman Brothers, and Merrill Lynch), and finally converting the 2 remaining investment banks (Morgan Stanley, and Goldman Sachs) into bank holding companies.

The US Government has done in 6 short months what it took Russia to do in 12 years!

We got onto Hugo Chavez of Venezuela over his nationalization of his country's private companies, and look what we did this last week?

The slide to socialism took huge steps this week in the USA.