Rand Paul actually said...

Now we are suffering the consequences because it is a failed policy, and it is not working at all.

As to nationalization, it seems like the ghost of Eugene Debs is amongst us.

But the idea of using the term nationalization to justify bailing out bondholders seems counterintuitive and probably a mistake.

What do we do now? We are telling consumers to spend and continue the old process. It won't work.