Chin up Mike, you can have Sarah Palin next time!
Do understand that Obama isn't anywhere near being a socialist by any definition of that word in use outside the USA, and obviously most of us here understand it in our terms.
My own sense of Obama is that his big weakness is that he is governed by a need to be popular and to be acceptable to people, which might make him duck big issues. The notion that he will increase taxes in a way that contradicts the program on which he ran for the presidency doesn't fit with what we have seen of him. For one thing he will be desperate to be reelected in 2012, and that will constrain him even if that smooth salesman's moderate exterior is as bogus as some people seem to suppose.