Then we wouldn't have more than one name. Socialism is the means of production in state hands, but liberty retained; communism is means of production in state hands, but liberty not retained. Fascism is means of production in private hands, but heavy state interference, and a politically-recognized status for unions.
Socialism can't exist, state-owned capital being incompatible with liberty. It turns into one or the other of the other two. And Obama, though his social theories (e.g. race) are Marxist, is economically a fascist.