Your right. I’ve been throwing around ‘socialism’ as the term. This is more of a ‘Fascist’ move. Vote for the Rescue plan or your personal savings is jeopardy.
Kinda has aspects of both. From Wikipedia:
All socialists share the belief that capitalism unfairly concentrates power and wealth into a small section of society who control capital, and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.
Fascist governments nationalized key industries and made massive state investments. They thought private property was to be regulated to ensure that "benefit to the community precedes benefit to the individual." They also introduced price controls and other types of economic planning measures.