Sullivan: This is not socialism

Blogger Andrew Sullivan of The Atlantic Monthly writes:

Most Americans understand what this man inherited.

He didn’t borrow and spend in a boom, as Bush did. He is borrowing and spending to counter a downturn more pernicious than any in memory. He isn’t bailing out the banks with an invisible and unaccountable slush-fund, as Bush did. He’s doing so transparently and bending over backwards to keep as many banks in private hands (not socialist enough for many, even on the right).

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