Labor Pains

By DAVID SCHARFENBERG  |  May 6, 2009

CONSERVATIVES CRY "SOCIALISM" AS THEY WATCH THE OBAMA ADMINISTRATION TAKE AN EVER-LARGER ROLE IN THE ECONOMY. IS THIS JUST HYPERBOLE OR IS THERE SOMETHING TO IT? ARE YOU HAPPY TO SEE A LITTLE SOCIALISM AFTER EIGHT YEARS OF BUSH-CHENEY? The Obama administration is trying to regulate, trying to keep things afloat while the economy repairs itself. Our biggest banks have billions of tax payer dollars and are on the way to getting another injection of our cash. But, although they're running with tax dollars, we don't own the banks. I would place "regulationism" far to the right of socialism and far to the left of George W. Bush.

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