It’s fitting that Maxine “Let’s nationalize the oil industry” Waters is there for the occasion. “We’ve come a long way” indeed.

Here’s the Roubini op-ed to which Stephanopoulos refers at the beginning. Quote:

Basically, we’re all Swedes now. We have used all our bullets, and the boogeyman is still coming. Let’s pull out the bazooka and be done with it.

Exit question: How’s Michael Steele going to explain to Glenn Beck six months from now why the Senate GOP voted for socialism?