11 Reasons America's a New Socialist Economy (Paul B. Farrell)

ARROYO GRANDE, Calif. (MarketWatch) -- Welcome to the conservative's worse nightmare: The law of unintended consequences. Why? Nobody wants to admit it, folks, but the conservatives' grand ideology is backfiring, actually turning the world's greatest capitalistic democracy into the world's newest socialist economy.

{xtypo_quote_right} You don't have to be smarter than a fifth grader to figure out that our leaders are clueless about the reality of our crumbling banking system, with many banks trading as penny stocks, while the Fed still panders to conservative pre-election politics rather than getting serious about inflation. {/xtypo_quote_right}