Okay, now your ignorance is beginning to show.
Socialism=extreme left radical view.
err... no...
Socialism - noun - a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.
In this case... Obama see that its the government's job to step in and take more money from thriving businesses and people who have worked hard to get where they are so that way money can be put into programs that would distribute the wealth into the pockets of poor people who made poor decisions in their lives and refuse to correct them because people like Obama are willing to balance it out by taking from the middle and upper class.
That's not neccessarily a bad thing though. If you believe thats the right thing to do then so be it, your opinion. Im against it though, personally. People should be held responsible for their own lives and choices. There are plenty of programs and oppurtunities out there right now that provide the education the poor need to get the jobs that offer a middle/upper class existance. (of course we do need the economy to stabalize again for those middle/upper class jobs to continue) But there oppurtunities are there. More regulation from the government is unneccessary imo.