Academic

JONATHAN MACEY: ?To socialize the American economy, it is not necessary to nationalize every busine?

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JONATHAN MACEY: “To socialize the American economy, it is not necessary to nationalize every business in the United States. All it requires is to put the corporations that control the finances of all of the companies in the economy under government control. And that is what is happening now. . . . Apparently, members of Congress liked the special treatment that Connecticut Sen. Chris Dodd received in getting his mortgage through Countrywide. We’re going to see even more of that kind of thing — and outright corruption on a much bigger scale — when the government is in direct control of the financial institutions and making the credit decisions that businesses large and small depend on to survive.”

Full post as published by Instapundit.com on April 14, 2009 (boomark / email).