Socialize America: Step One Nationalize the financial system

Nationalize the financial system gives the government control of all businesses and corporations which require credit and capital borrowing to survive. Because the financial companies control the economy, being under government control will essentially socialize the American economy and the corporations which rely on it.

Companies like Wells Fargo were forced fed government money in October by Paulson and then New York Federal reserve Chair Tim Geithner gathered the nations largest banks into a room and insisted they take the tax payers money by selling preferred stock to the government under the lie that if they turned down the money the companies which needed the money would be stigmatized.

The First step in the socializing of the American Finance Machine. When this process is complete every company in the US which needs to borrow capital will have to curry favor with some federal agency or politician. Hence a larger government and government influence in the private life of corporations and citizens.

What is the difference in the Bush Administrations approach to the bailout funds and the radical thinking of this administration? Both believed in spending but, the reformers or previous administration, regarded the spending as an instrument of recovery and the means to improve the condition of the people. The radicals or present administration, regard the spending as a substitute for recovery and as a means of altering the balance of a socialized policy.