Read Thomas Sowell's column Socialist or Fascist where he takes on the Obama economic philosophy. Dr. Sowell states: "What President Obama has been pushing for, and moving toward, is more insidious: government control of the economy, while leaving ownership in private hands. That way, politicians get to call the shots but, when their bright ideas lead to disaster, they can always blame those who own businesses in the private sector."
Most Americans have no clue about true fascism and overreact to the use of the term, taking it as a slur. Ideologies and philosophies can be easily defined, especially if one ignores reactionary emotionalism.
Remember the "Voltswagon?"