His quote doesn't seem terribly unreasonable especially after they revised cumulative deficit projections for the next 10 years to be 9 trillion dollars this past Friday (up from 7) and that doesn't even include new healthcare entitlements at an estimated 1 trillion! Given how prone they are to underestimating costs like this, these numbers are more likely to be a floor than a ceiling and don't include the deficits that come after! It is however perhaps telling that those who support Obama's plan would be offended by the quote which doesn't necessarily use the term socialism in the pejorative sense.

What I don't understand is the guy who compared Thatcher to the Third Reich. Do they forget what "Nazi" actually stands for? Anyway, what is even more frustrating is that unions now want to have John Mackay fired for having the gall to disagree with the President (http://www.forbes.com/feeds/ap/2009/08/25/business-specializ...). Is this thuggery what counts as discourse in the US now? If you don't agree with the current administration you must be racist, stupid and ought to have your livelihood taken away?