...I disagree, but only slightly.
Fascism is consolidated federal power "controlling" the means of production and distribution of privately owned industry. ...So actually, the EPA's and IRS's manipulation of industry is a better definition of fascism. All freedom-loving Americans should despise it.
The mutual admiration society presented by Immelt and Obama (or Solyndra and Obama, ...LightSquared and Obama, GM and Obama, etc, etc, etc.) is more the working definition of "Crony Capitalism". All freedom-loving Americans who understand that it is individual freedom, liberty, sovereignty and superior economic system of Capitalism that made our Nation the envy of the world in less than 300 years, should despise that as well.