Taking steps towards fascism?

Fascism is socialism with government owning business (basically). According to The Virginian blog, Obama's administration may be taking steps towards that end when it announced...

Beyond the banks, the Obama government is demanding the power to seize all non-bank companies that could, in its sole opinion, damage the economy. Keep in mind that the government already has the power to seize banks via the FDIC. By defining the seizure power to "non-banks" the government is literally asking for power to seize ANY company. Tim Geithner’s rationale is that this power could have prevented the AIG problem. But it is not at all clear how the government could have prevented AIG from imploding when it failed to do so with Fannie Mae and Freddie Mac, two quasi governmental organizations over which the government had oversight. And the power that the government is demanding in it's power to seize "non-banks" is not limited to AIG-like corporations. Based on Geithner’s testimony, the power the government is demanding will give it the power to seize General Electric, General Motors, Boeing, Exxon and any other major corporation.

I'm not certain we're are there yet, this could simply be a trial balloon. But...