‘Conservative Movement Has Turned the United States Into Massive Socialist State’

So says Barry L. Ritholtz, CEO of Fusion IQ and popular talking head, in a post today on his widely-read economics blog, The Big Picture:

If you are a fan of irony, consider this: The conservative movement has utterly hated FDR, and the New Deal for nearly 80 years. For the past 8 years, [a] conservative was in the White House, and for something like 16 of the past 18 years, [the] conservatives dominated GOP-controlled Congress.

The grand experiment of deregulation has ended, and ended badly. The Deregulation movement is now an historical footnote, and the Conservative Movement has turned the United States into a massive Socialist state, an appendage of Russia.

Should we finally memorize the words to "L’Internationale"?