Don’t Call it “Nationalization!”

Harry Reid doesn’t like it when people call the anticipated government take-over of Citigroup—by virtue of stock ownership—nationalization. “It’s not nationalization, it’s protecting the taxpayers’ interests,” said Reid (D-NV) on MSNBC’s “Morning Joe” program last Monday. “In the bailout, the TARP, that we made sure the American taxpayer had a way of getting paid back for their investments. That’s what this is all about and it’s the right way to go.” The Swedes did something like this a while back, and they called it nationalization. How is this different? Only the political charge of the language is different. The Power of Words Words have never been this powerful, at least not since Reagan brought the US out of Jimmy Carter’s malaise. Consider what we have seen: ·        The President repeating the word... [Read Full Article]