Just the latest attempt by liberal Democrats to socialize the United States. The House of Representatives has passed legislation that essentially nationalizes the entire student loan industry. Because that’s HopenChange, baby.

The biggest change in U.S. higher education finance in 35 years was approved on Thursday by the House of Representatives, handing a defeat to major banks and student loan giant Sallie Mae.

Lawmakers voted 253-171 in favor of legislation that would cut the banks and Sallie Mae out of a large slice of the $92 billion college student loan business, shifting most lending into a program run by the U.S. Education Department.

The bill, supported by the White House, will go next to the Senate for further consideration.

This brings to mind a quote by Norman Thomas, six-time Socialist Party candidate for president.

The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.

The Democrats are working on that as we speak.