Pure socialism isn't on the table; the people who keep telling you the media are socialists, or that our government is now run by socialists are hate-mongering liars.
People who have brains and use them realize that a mixed economy is better for everyone.
It's not Obama who thinks he has the right to tell people whom to marry, or what to read; it's the wing-nuts of the right who do.
Obama is about effective government.
Much of what he's spending will be paid back, with interest (some of what he spent on bailouts has been paid back, with interest). When the economy is sound, government will bring in more revenue, and that's the time to pound down the debt -- which is exactly what Dubya refused to do, choosing to put us in record-breaking debt (the previous debt record-breaker being Reagan).
I'm vastly less worried now than when under the previous administration. Instead of making everything worse, Obama is trying to make everything better.