Obama's No Socialist. I Should Know.

Obama is not a socialist although, in this capitalist country it may appear to be so. Billy Wharton, a card carrying member of the party should know:

The first clear indication that Obama is not, in fact, a socialist, is the way his administration is avoiding structural changes to the financial system. Nationalization is simply not in the playbook of Treasury Secretary Timothy Geithner and his team. They favor costly, temporary measures that can easily be dismantled should the economy stabilize. Socialists support nationalization and see it as a means of creating a banking system that acts like a highly regulated public utility. The banks would then cease to be sinkholes for public funds or financial versions of casinos and would become essential to reenergizing productive sectors of the economy.

Continue reading here his excellent article in the Washington Post.