The SOCIALISM, you say!

Many on the right are having a field day with the "Obama's a Socialist - America's becoming a Socialist nation!" theme of late. So let's look at it objectively:
Merriam-Webster defines "Socialism" as follows:

1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

OK, so it seems like, in Socialism, government owns and/or controls most businesses and functions thereof. Are we close to this situation?
NOTE: since the text in the image is unclear, I'll point out that the BLUE area is the percentage of American corporate and business assets currently NOT held by the US government; RED represents those that are so held.


Doesn't seem like it - not even close.
Does the right ever get tired of being proven wrong? Hasn't seemed to slow them down yet.