When I heard McCain label Obama a socialist in the recent campaign, I scoffed at the notion. Sure, Obama was liberal, but he wasn’t in favor of government ownership of the means of production. Or, to the extent that Obama showed socialist tendencies in the financial sector with his support of the bailout, McCain (and Bush) did as well.
But now Pelosi is arguing that we should bailout the Big Three automakers for a government stake in those companies. The idea being that the Big Three are in trouble, and we have to bail them out to save the economy from collapse, but the government should then have some return on its investment. But this argument could apply to a LOT of different sectors; not just finance and automotive. Airlines immediately come to mind, real estate, and manufacturing industries too.
I’m stating to see a slippery slope that I didn’t see during the election, and its getting me a bit nervous….

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