Bush, Obama, and Socialism

As Republicans try to pin the "socialist" label on Obama, they seem to be confusing what steps Presidents Bush and Obama have taken to combat the recession. Instead of remembering that it was a Republican president who started funneling money into banks, they try to blame that on Obama.

Senator Richard Shelby (R-AL) on Fox News yesterday:

WALLACE: Sen. Shelby, you say that the Obama administration is taking us down the road to socialism. Explain.

SHELBY: Well, obviously. So, they intervene last fall in the bank crisis. No one has ever done it on that scale before. Now the automobile crisis.

Obviously, there was no Obama administration last fall.

ThinkProgress