Conservative economist Alan Reynolds, a senior fellow at the Cato Institute, ... [said]: "Public ownership of mortgage-backed bonds is merely an investment. Public ownership of equity is socialism."
Jonathan Hoenig, the chief executive of the Capitalist Pig hedge fund, added: "It's a major negative for the economy. It pushes this country further and further toward socialism.
"We now join the Soviet Union, North Korea and Cuba as countries in which the government owns, it doesn't just referee, but owns a major stake in the financial system. That's been a disaster for any economy that's ever tried it. It's not the government's role to own banks."
"Socialist" isn't one of my fighting words. If it is among someone's fighting words, she could at least use it correctly.
You might further point out that it's inconsistent with the free market ideology that was supposed to be the ideology of the Republican Party to propose ways of using tax policy to interfere with the mutually beneficial arrangements between employee and employer (e.g., the arrangement whereby employees are given health care by their employers as a kind of compensation) in order to produce socially attractive aims like handing out tax credits of $5000 to families. That's the kind of crap that has Nozick rolling over in his grave. Of course, if they don't know what "socialism" means, don't expect them to know who Nozick is.
Shorter post. Clinton = not socialist. Obama = not socialist. Bush = quasi-socialist. McCain = enabler of Bush's quasi-socialist policies in self-denial.
Slightly less shorter post. This is a lesson in how right wing anti-intellectualism can bite someone in the ass. Republicans can go to bed being all right wing and wake up all socialist inciting mobs of sometimes racist white folk to join them in some hair-brained scheme to use our tax dollars to seize the means of production.