George W. Bush Is A Socialist

According to Mr. Practical at Minyanville.com it appears that George W. Bush is a socialist:

By its nature an economy and its markets are tied together: controlling them is socialistic and will always slow growth.

According to Mr. Practical Ben Bernanke is a socialist also:

The Great Moderation that Mr. Bernanke spoke of in 2004, which smacked to me right away by the way of a very socialistic remark, was merely the growing and looming debt fostered by central banks being spent. Now the process of that debt being either paid back or destroyed is revealing the Great Moderation as the Great Debacle.

Mr. Practicals’ article entitled The Great Moderation of Debt is a worthwhile read. Here is another excerpt:

So the Fed being under great pressure collapsed yesterday and gave the economy not medicine but drugs. It gave it just what ails it: the sickness of debt. Mr. Paulson and Mr. Bernanke want banks to lend and people to borrow what they can’t afford to, more debt, to correct the problem. But if successful they will only exacerbate and prolong the inevitable. But I don’t think they will be successful. All the debt they just made cheaper will only go to two places: those that can afford to borrow it and thus don’t need it and directly to banks that can’t lend it. The rich will use it to again speculate or cheapen their debt. Banks will use it as capital to finance their ever declining asset values. Neither use will do any good to the real economy.