Steveb Assignment 8

The article was written by Harold Meyerson of the Washington post. The audience is directed towards is the people concerned with the American economy. The article explains that "News Week" stated that "we are all socialist now", Which I do not think this is true. I think it was the only thing the country could do is to inject money into our system to make some sort of recovery. If the government didn't do that all of our banking would by screwed. People are calling it socialism but there was no choice. The article all states that America is moving towards a more regulated competive capitalistic economy. We are very regulated now exspecially if our government jumps in on a company that is going to fall through and just up and buys the whole thing. We are looking towards a country now that now one knows where it will be in 3 years.