[youtube=http://www.youtube.com/watch?v=A3-d1wxcrHo]
“Well, obviously. So, they intervene last fall in the bank crisis. No one has ever done it on that scale before. Now the automobile crisis.”
— Senator Richard Shelby (R-AL), claiming on Fox (video above) that the Obama administration “is taking us down the road to socialism.” He is a bit off as to when the government intervened in the bank crisis, which party was in power, and when Obama took office. Besides this major error, you know that a Republican Senator doesn’t know what he is resorting to using the same right wing talking points about socialism as Sean Hannity and Sarah Palin.
If massive government intervention in the auto industry is evidence of socialism then we better look back at Ronald Reagan. More reality checks here and here. I’ve also noted recently how poor a source Sarah Palin is in talking about socialism and economics here.
Hey, wasn’t it George W. Bush who said near the end of his tearm: “I’m abandoning free-market principles to save the free-market system.”
Why not? He had already significantly increased the size and scope of the federal government. His last act was to bail out General Motors and Chrysler.
President Barack Obama and the democratic majority in Congress is simply continuing the trend because they really have no idea about what to do.