It is often argued by critics of the Obama administration that it is socialistic, i.e. expanding governmental authority over the means of producing and distributing goods. Alas, there is something to be said for this point of view. As I see it, however, a more accurate way to describe the Obama government is corporatism or a political system in which the principal economic functions are designated and given favorable treatment. The most appropriate way to assign meaning to this phenomenon is fascism.
By all rights, President Barack Obama should have been beaten handily by Mitt Romney. Usually, an incumbent President wins if the economy is doing well --- think of 1996 when Bill Clinton was re-elected, think of 1972 when Richard Nixon was re-elected. If the economy is not doing well, an incumbent President loses: Think of Jimmy Carter in 1980 and George H, W. Bush in 1992. There are “close calls” in this analysis – the two that come to mind are the successful re-election campaigns of Ronald Reagan in 1984 (which resulted in a landslide victory) and George W.