I think the biggest problem with the acceptance of Obama's socialist economic policies is a complete misunderstanding of how economics works. So let me sum it up for you, in a nutshell:

Free Market Capitalism
Someone starts out working minimum wage. Saves almost everything until they have a few thousand dollars. They make an investment and it pays off big. They take that money and make more investments. Eventually they are a millionaire. They make investments overseas that create jobs (and do more for the economy than foreign aid) and boost the finances of that country as well as investments in the US that create jobs and boost our economy. People make more money because there's more money to be shared.

Socialism
Someone starts out working minimum wage. Saves almost everything until they have a few thousand dollars. They make an investment and it pays off big. They take that money and make more investments. Eventually they become a millionaire. Now they are the bad guy because millionaires have money and poor people don't. The government decides this millionaire has too much money, so they take it away and give it to all the poor people. Everyone remains poor.

This is how socialism works in practice, and has always worked in practice. The rich pay the vast majority of our taxes (i.e., keep our government afloat), donate of their own volition millions of dollars to charity, make international, national, and regional investments that create jobs and MAKE YOU MORE MONEY. Rich people are not the bad guys. They are the GOOD guys. So what happens when you take money away from rich people to give it to welfare?

If Obama gets elected, we won't have to ask. We'll be living it. Well, you'll be living it. I'll be in Australia.