In short, we already have a socialist president―and his name is Bush. Bush’s latest scheme, as he explained in his Saturday radio address, is a November 15 “international summit,” including the United Nations Secretary-General, to “begin developing principles of reform for regulatory bodies and institutions related to our financial sectors.” This is bureaucratic doublespeak for what has been called “global governance.” Some may fear with good reason that world government and global taxes are on the way in and U.S. sovereignty is on the way out.