Will it be communist if we go with goverment plan?

the economy is in bad shape. and the fed and goverment talked today about this plan to rescue these banks but lots of people are saying this is a communist thing to do. is it? im new to this stuff .

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Answer:
No, the bailout plan is not a communist thing to do. The government wouldn’t be nationalizing the banking industry. What they would be doing is bolstering our financial system by removing a massive number of bad loans from banks' balance sheets. The result will be a lot more capital freed up so that banks can start to lend money to businesses and individuals, which will help the economy grow again and keep foreign investors from pulling out.

What a lot of the people who are crying communism forget is that the government did the same thing during the savings and loan crisis of the late '80s/early '90s. They created an institution called the Resolution Trust Company, which turned out to be a very successful solution … and we remained firmly capitalist!

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Answer:
It is not communist. But it does touch slightly on Socialsim. The economy isn’t in terrible shape. Experts are still debating on whether or not we’re in a recession..