Actually, that would be COMMUNISM, not socialism. Socialism would be the means of production actually owned by the workers themselves. When the means of production are owned by a Centralized Government Power (The FEDS), then it would technically be communism.
[And, don’t let the liberals try to fool you with the “but WE the people” own the government — as we all know WE THE PEOPLE haven’t been in control of the government (esp. the FEDS), in a LONG, LONG, time...]
Seriously, Obama should just get it over with now... No use trying to hide his agenda anymore really — like we can’t see it? Anyone who ever studied history knows where this is going... History is doomed to repeat if people don’t learn from it, and the good Lord knows that anyone who came to the age of reason after say the mid-80s - usually don’t have a CLUE as to what Communism REALLY is, or what it really does to people, and to a country as a whole...
B-I-N-G-O