I'm sure they're different. I just can't seem to remember how at the moment. Apparently Obama not wanting to be out done by his friend in the southern hemisphere is seeking more power to seize the companies that he has deemed necessary for the American Economy. Here is more from the story written in the LA Times.
Under the plan, expected to be released Wednesday, the government would
have new powers to seize key companies -- such as insurance giant American
International Group Inc. -- whose failure jeopardizes the financial system.
Currently, the government's authority to seize companies is mostly limited to
So, just to clarify. Chavez bad for seizing privately held companies. Obama good. Hmmm. So I guess Obama gets to decide which companies would jeopardize the financial system if they fail. Or maybe we should appoint a czar for this task. After all Senate approval and over site of something of this magnitude is not really necessary. No, as with all the czars he will answer directly to Obama. I guess we didn't really need the separation of powers, as dictated in our constitution.