First you must understand fascism, as described by the Concise Encyclopedia of Economics:
As an economic system, fascism is socialism with a capitalistic veneer. In its day (the 1920's and 1930's), fascism was seen as the happy medium between boom-and-bust-prone capitalism, with its alleged class conflict, wasteful competition, and profit-oriented egoism, and Marxism, with its violent socially divisive prosecution of the bourgeoisie.
Where socialism abolished all market relations outright, fascism left the appearance of market relations while planning all economic activities. Where socialism abolished money and prices; fascism controlled the monetary system and set all prices and wages politically.
Under fascism, the state, through official agencies, controlled all aspects of manufacturing, commerce, finance, and agriculture. Licensing was ubiquitous; no economic activity could be undertaken without government permission. Levels of consumption were dictated by the state, and "excess" incomes had to be surrendered as taxes or "loans".
To maintain high employment and minimize popular discontent, fascist governments also undertook massive public-works programs financed by steep taxes, borrowing and fiat money creation.
I’m sure you can already see the similarities to the Obama economy, but just in case: Obama's Fascist Economy.
