Relevant:
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2008-12-09 — ritholtz.com
" “Not since Harry Truman seized America’s steel mills in 1952 rather than allow a strike to imperil the conduct of the Korean War has Washington toyed with nationalization, or its functional equivalent, on this kind of scale. Mr. Obama may be thinking what Mr. Truman told his staff: “The president has the power to keep the country from going to hell.†(The Supreme Court thought differently and forced Mr. Truman to relinquish control.)â€
Really?"
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