The word "socialism" is used with gross imprecision, but if it is to be employed, DeFazio would emerge as a consistent enemy of the only type of socialism practiced widely in the United States - lemon socialism
, the public takeover of debts and other obligations of failing enterprises with no corresponding public claim on their profits.
As welfare for the rich, this bailout--coming at the very moment when Congress is tightening bankruptcy rules for ordinary citizens--far exceeds the legendary government rescue of Chrysler a generation ago, which at least could be seen as a kind of lemon socialism
that saved jobs and produced cars.
government is headed down the road toward socialism, as President Obama's most excitable critics claim, it's socialism of a sour variety: lemon socialism