Well I'm all for regulation.
Since Obama has taken office I have also seen a lot of people throwing around the words "socialist" and "fascist" without really stopping to consider what they really mean, or if Obama is really behaving that way. They just hear people on the news using those words and regurgitate them.
I don't think one man can flip the style of our economy, but some aspects of socialism are not bad, and in my opinion are needed.