Socialism

For my readers who scoffed and listeners who pooh-poohed me when I said we were headed down the road to socialism with Obama: After five days in office with, The One, we get this from The New York Times in today's publication: "Is the President prepared to nationalize the banking system"?
From Barack Obama, "Only government can break the cycle that is crippling our economy".
The mention of this makes me cringe.