The neo con Bush administration has just Nationalized two large financial institutions,by injecting around 2 billion of your-the American tax payers-hard earned dollars.
A socialist solution,to a private enterprise dilemma,brought on by years of allowing the markets to take care of themselves and non intervention.
The US government propping up Freddie mac & Fannie Mae is not a socialist solution through the back door,it's a socialist solution through the front door with a welcome mat.
Are current Labour government may be as egregious as the present Bush administration,but Socialist it is not,in fact the gap between Rich and poor has widened since 1997.
The nearest it has come to it's socialist roots was taking into temporary ownership-they dare not use the word Nationalize- the northern Rock Building Society,which was partly due to the downturn in the US economy,and are own laissez-faire greedy financial free market.