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Shelby tries to blame Obama for bank bailouts that happened ‘last fall.’

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"Shelby tries to blame Obama for bank bailouts that happened ‘last fall.’"

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This morning on Fox News Sunday, host Chris Wallace asked Sen. Richard Shelby (R-AL) why he believes the Obama administration is “taking us down the road to socialism.” Shelby said it was “obviously” the case, and pointed to last fall’s bank bailouts as the prime example:

WALLACE: Sen. Shelby, you say that the Obama administration is taking us down the road to socialism. Explain.

SHELBY: Well, obviously. So, they intervene last fall in the bank crisis. No one has ever done it on that scale before. Now the automobile crisis.

Shelby seemed to catch himself moments later, saying, “you have to go back to the Bush administration. They started it.” Watch it:

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