Who is the Socialist?

"A few weeks before she (Sarah Palin) was nominated for Vice-President, she told a visiting journalist—Philip Gourevitch, of this magazine—that “we’re set up, unlike other states in the union, where it’s collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs.”

The recent suggestion that Obama is a socialist also, seems ridiculous when a republican, GWBush created the largest bank purchase in US history....all US citizens now, cooperatively (i.e. socially) own a national bank. Go W go! Uh, but don't call it 'Socialism.'