Back when Nixon was president and things turned bad in the economy, he decided to institute wage and price controls, and then he said, "We're all Keynesians now." (The wage and price controls only made things worse, of course.)
Now, when things have turned bad (very, very bad), we have the Bush administration wanting to nationalize much of the economy and proposing the Mother of all bailouts with taxpayer's money (actually borrowed money). Are we going to hear Bush say, "We're all socialists now"?
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