Senator Bunning says stopping the invisible hand of the market is Socialism

At the Senate Banking, Housing, and Urban Affairs Committee hearing on "Turmoil in U.S. Credit Markets: Examining the Recent Actions of Federal Financial Regulators," Senator Jim Bunning (R-KY) says his first question is how big do you have to be to be too big to fail, and he does not like the idea of the Fed getting involved in the bailout of that company [Bear Stearns]. I want to hear from the witnesses, he says, why they thought it was necessary to stop the invisible hand of the market from delivering discipline. That, he says, is Socialism. (:38)
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HHS Secretary Leavitt says that even other countries with more socialized health care systems are trying to inject market forces

Health and Human Services Secretary Mike Leavitt, speaking at a press conference on the FY2009 budget, says that Medicare Advantage is an example of the kinds of market forces needed for Medicare in general. He also says that other countries, even those with more socialized healthcare systems, are looking for ways to include market forces in their programs. (0:31)
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