Socialism Is Coming to America

AIM Column  |  By Cliff Kincaid  |  September 23, 2008

The liberal media are, of course, also trying to keep the American people in the dark about what is happening. 

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In his classic 1932 book, Toward Soviet America, Communist Party boss William Z. Foster wrote about how "The United Soviet States of America" will come about. As a result of various capitalist crises, the national government would assume more and more control over the economy. "In finance," he wrote, "it will mean the nationalization of the banking system and its concentration around a central State bank…" Foster is dead, but the Wall Street financial "bail-out" plan offered by Treasury Secretary Henry Paulson, in coordination with the Federal Reserve, will bring about a socialist America.It would be an exaggeration to say that we are getting close to anything resembling the Soviet system. But it is also a big mistake to call this a "bailout." It is socialism. Why are so many in the media afraid of using this term? Click here to full article: http://www.aim.org/aim-column/socialism-is-coming-to-america/