If you were nationalising industry and the means of production - rather than 'socialising loss' as Big Mick put it or nationalising banks - then America would be on the road to socialism.

As it stands, those in suits at the top of the economic food chain have found just another way of perpetuating something that's already rotten to the core. Not just through 'socialist bailouts' (which are anything but socialist), but by people using the word 'socialist' in such bizarre ways and with such negative connotations that it's like the 1940s and 1950s all over again.