+10
Do you guys even know what the fuck you're talking about? Seriously.
First of all, Obama is about as Socialist as my penis is 200 feet long. Sure, he's slightly more left leaning then some other politicians (and my penis is definitely pretty big), but its just not the same thing.
That being said, there is nothing inherently wrong with a bit of socialism. Extreme socialism? Fuck yes, any ideology is pretty bad when taken to an extreme, but it isn't a horrible thing in and of itself.
Anyhow, economic crisis. Its not too hard to figure out the basics, which is for the government to spend money on things. Which things and how too make them WORK is the hard part. Obviously, pumping money into something like AIG (laaaaaaaaaawl) isn't doing a whole lot of good, but there are places where it can help.
But other than what IS really basic, I can't really comment too much, since, like most of you, I'm not a master of economics.