Did you read that it your Canadian Text book?anyways thats not socialism
Just the facts. Most Americans do not understand what socialism is. Mostly, the hate of socialism is due to paranoia from the Red Scare and the corporate elite. President Obama is hardly a socialist. Far from it.
It's the corporate fascists, not the government that you should be worried about. They are too big for the government to stop.
Ironically enough, corporate fascism is a form of socialism. It has been going on for decades. Ronald Reagan reversed Roosevelt's The New Deal in favour of the corporations. Bill Clinton did the same thing during his terms and now look what happened.