If the government takes over all these private financial institutions, does that make the USA socialist?

Question by das Buch: If the government takes over all these private financial institutions, does that make the USA socialist?
Of course we taxpayers see no profit we only get to foot the bill--saving wealthy investors from their greedy investments. We all are now proud owners of AIG, Bear Stearns, Lehman, Merill Lynch, and Fannie.

How would the right-wing conservatives and Fox News have reacted if Clinton had said,"Perhaps the government should take over these private institutions"?

I bet

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