This has NOTHING at all to do with socialism, and everything to do with corporate welfare and stacking the deck for them.
Sorry, but arguing about the difference between socialism and fascism is like arguing about the difference between Sprite and 7-Up.
You may well have a preference, but both are terrible for you.
Obama executed a nearly textbook example of Socialism with the takeover of GM. He fired the CEO, allocated resources directly to "Green" cars, etc. The government controlled a means of production.
He executed an almost perfect example of Fascism in the ACA that put the coercive power of government behind huge corporations so they can dictate behavior and spending requirements to citizens.
So, are he and his cronies Socialist or Fascist? Does it really matter? We're fucked either way.