Rep. Alan Grayson (D-FL) tells Salon: “We’ve had a government takeover of the bond market. Stealth socialism’s been created. Government simply ends up owning more and more and more. If government had taken over the steel industry, maybe it would have been more noticeable. They’ve taken over the financing of housing industry as well, with a desired result. The result is now, finally, particularly in areas that were hard-hit, like mine in Central Florida, housing is ticking up again. So the Fed did in essence create an economic baseline that has led to something along the lines of 50,000-100,000 jobs created a month, setting a foundation for recovery for the U.S. economy. (emphasis added)”

In the same interview Grayson later boasts, “I scared the crap out of them [Republicans]!” He’s right. This sort of stupidity should scare the crap out of anyone.