Ron Paul (who I do not support) was splitting hairs. I take his point that corporations will be extraordinarily beholding to Obama in order to survive. In other words, the rich folks will all be controlled by Capitol Hill. Is that socialism? Sounds more like fascism to me.
Obama wants to create a permanent underclass. Basically getting rid of the middle class, to where we’re enslaved by those in power and those influenced by Washington. So all we have is the privileged few in control of everything, including our lives, and the rest of us who are placed underneath the thumb of tyranny dependent on government.