When it comes to socialism, Obama leads from in front.

The French politician who said Indian steel company ArcelorMittal should leave the country has told CNBC that his government is only acting like U.S. President Barack Obama.
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Montebourg told CNBC after a meeting with trade unions in Paris: “Barack Obama’s nationalized. The Germans are nationalizing. All countries are nationalizing. I’ve also noticed the British nationalized 6 banks.”

Montebourg is believed to be referring to the takeover of struggling automakers by the U.S. government earlier in the financial crisis.