"Obama is a socialist."

[BeAChooser]

http://www.latimes.com/business/la-fi-financial-regs16-2009jun16,0,4262249.story

The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers' interests.

Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies -- such as insurance giant American International Group Inc. -- whose failure jeopardizes the financial system. Currently, the government's authority to seize companies is mostly limited to banks.

Nah ... he's not a socialist.