Robert Scheer: This is Fascism
Robert Scheer: I don't think the idea of nationalizing, as it's now being called--which means bailing out these banks, setting them straight, then letting them go private again, which is the model that everybody is using, and the people who get screwed are the people whose retirement funds had common or preferred shares and they get wiped out, and these bankers come out richer than ever at the other end--that's not a leftist idea and it's not socialism. This is what we used to, in Comparative Economic Systems, call fascism. It's putting government at the service of the big financial interests. That's what happened in Italy, that's what happened in Germany, that's what happened in Japan. . . .
Tony Blankley: What I don't understand is how my colleagues on this show, who I believe were for Obama, are now saying he's leading a fascist regime. Did he mislead them a few weeks ago when he was still running? . . .
Robert Scheer: To answer your question, I am disappointed in Barack Obama and I'm not quite sure what he's doing.