[Snickering Hound]

http://en.wikipedia.org/wiki/1952_steel_strike

For an encore, Truman attempted to nationalize and seize the steel industry. How that bolshevik got an aircraft carrier named after him is beyond me.

[Alberta's Child]

Interestingly, the law hasn't really changed since those days when it comes to the U.S. government seizing control of industries. It's just that the powers-that-be have determined that seizing an industry is a very ineffective way of meeting the needs of a nation in the event of a crisis.

Nowadays, the U.S. government simply calls up a company like KBR, Halliburton, Blackwater, etc. and pays them a fortune to "just get it done" ... whatever "it" happens to be at any given time.