Quote:
Originally Posted by potter
Actually, nationalization does not equal socialism. Also, what is happening is not nationalization. What is happening is a business taking on a government loan, and adhering to the terms of that loan.
The government is not controlling or nationalizing any part of this business. The business made the decision to sign and agree to the terms. They took on that responsibility. The auto industry itself is in no way going to go under or become nationalized. There is a big difference between what you're suggesting and what is actually happening here.
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Nationalization does not equal socialism but it is an important step in the process. I agree that the current situation with GM or the banks is not a full nationalization. As I made pretty clear above Obama is attempting to implement his socialist agenda a small piece at a time, as their is not much public support for his radical long term goals. Even if he is unable to take the country all the way down the path towards a state run economy he will certainly do a lot of irreversible damage on his way.
Even the Europeans are aghast at his agenda. They understand the long term implications better than most in the US.