Bush, Obama, and the 'socialist' label
By Colbert I. King
WashPost
Saturday, November 27, 2010
Exactly two years ago today, an Associated Press headline read: "World economy shaky despite massive bank rescues." The story was about the U.S. government's decision to rescue banking giant Citigroup.
Economic conditions at home and abroad were the worst since the Great Depression. The outlook was so dire that the U.S. Treasury secretary pressured high-profile giant American banks to sell shares to the federal government as part of a financial rescue package - a Washington action until then unimaginable.
Yet the vilification of President Obama as a socialist began before he had fully unpacked at the White House. It has been relentless ever since, even though the charge misrepresents the truth.
Said Rush Limbaugh on Fox's "Sean Hannity" program on Jan. 22, 2009, just two days after Obama took the oath of office: "So I shamelessly say, no, I want him to fail. . . . Why would I want socialism to succeed?
(More here.)
WashPost
Saturday, November 27, 2010
Exactly two years ago today, an Associated Press headline read: "World economy shaky despite massive bank rescues." The story was about the U.S. government's decision to rescue banking giant Citigroup.
Economic conditions at home and abroad were the worst since the Great Depression. The outlook was so dire that the U.S. Treasury secretary pressured high-profile giant American banks to sell shares to the federal government as part of a financial rescue package - a Washington action until then unimaginable.
Yet the vilification of President Obama as a socialist began before he had fully unpacked at the White House. It has been relentless ever since, even though the charge misrepresents the truth.
Said Rush Limbaugh on Fox's "Sean Hannity" program on Jan. 22, 2009, just two days after Obama took the oath of office: "So I shamelessly say, no, I want him to fail. . . . Why would I want socialism to succeed?
(More here.)
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