It socialism as defined by government spending a certain percentage of
GDP. In the US the number used to be 30%, now it is 35% and headed to
40%. The UK is at 40%, which is considered a threshold of sorts for a
socialist government.


On Fri, Apr 23, 2010 at 7:40 AM, Dana <dana.tier...@gmail.com> wrote:
>
> well actually it *is* socialism, just not in the usual sense or in the
> way Obama's critics mean. It's socialism in that it insures the risks
> of the multinationals and prevents them from failing. Where this
> differs from socialism, however, is that the county has guaranteed
> itself that it will not receive any benefit from the risks it is
> taking on the multinationals' behalf. I will be quiet now ;)

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