"And in the past year, his words rang true. Washington has now replaced private irresponsibility with public irresponsibility. The list of companies and industries that the government is crowding out and bailing out and taking over, it continues to grow. First it was the banks, mortgage companies, financial institutions, then automakers. Soon, if they had their way, health care, student loans."

Sarah Palin criticizes Barack Obama for taking over companies and bailing them out.