Although they won't use the word, the Obama team continues to make moves toward Socialism, with speculation about a possible nationalization of our banking system now out in the open.

They might as well start talking about nationalizing the domestic auto industry, as well, since the regulations they are putting into place will not make it any easier for them to sell more cars.

The stimulus plan will be the big issue this week, and here is a thumbnail sketch of the plan, courtesy of The Boston Globe.

Of course, if Obama's moves succeed, then he will have saved Liberalism, according to this piece by Bill Kristol, which is Kristol's last column for The New York Times.

I always enjoy some good historical perspective. Here is a piece from The Telegraph of the UK which lays out how things looked in 1933, and why we are most definitely not anywhere near that doleful time in the history of modern man.

Still, the global economic downturn is starting to have political consequences, especially in Eastern Europe and Iceland.

Robert J. Samuelson points out why this current crisis is really about three big problems.