Socialism: "Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy." -- Dictionary.com (emphasis added)
Obama: "His administration is establishing a presidential task force to direct the restructuring of General Motors Corp. and Chrysler LLC, a senior administration official said Sunday night," reports AP. (emphasis added)
See also: "Regarding Change: Liberals Drink Deeply From Fascist Well, Says Reviewer."