Obama IS a socialist.

This article that show precisely why the
government should not get involved in trying to invest in specific
industries or companies:

The NIH's New Drug Discovery Center: Heading Into the Swamp?

As Derek Lowe states:
"I'll make a prediction: if years of effort and billions of dollars thrown after genetic target-based drug discovery hasn't worked out, when done by people strongly motivated to make money off their work, then an NIH center focused on the same stuff will, in all likelihood, add very little more. It's not like they won't stay busy. That sort of work can soak up all the time and money that you can throw at it. And it will."