Socialism, Schmocialism

Remember when the Republican Party was trying to scare the American people into believing that Barack Obama was a liberal, socialist, commie? Oh wait, they still are.

Well here's what the most liberal person in America had to say about socializing nationalizing the banking industry.

[Sweden"] took over the banks, nationalized them, got rid of the bad assets, resold the banks and a couple years later, they were going again. So you'd think looking at it, Sweden looks like a good model. Here's the problem -- Sweden had like five banks," he said, laughing. "We've got thousands of banks. You know, the scale of the U.S. economy and the capital markets are so vast and the, the problems in terms of managing and overseeing anything of that scale, I think, would -- our assessment was that it wouldn't make sense. And we also have different traditions in this country.

Now what president was it that socialized the insurance and banking industry? My mind is a little fuzzy but I believe it was George W. Bush, the greatest president to ever live.