This paints no picture of Obama’s plan. He definitely does not seek to equalize wealth. He is not stealing from the rich and giving to the welfare poor like some kind of Robin Hood. Socialism does fail, it is a terrible system but in no way what Obama seeks to initiate. He definitely has not done a good job, but this smaller government for the sake of smaller government and relaxed attention to corporations being pushed as a platform by Republicans is the wrong way to go about things.
Pure capitalism is just as terrible as pure socialism. We need to eliminate loopholes that allow corporate elite members to hang on to money and bonuses and stimulating income that they do not earn, when its purpose is to be pumped back into their companies for job creation and expansion purposes. To put it in terms of this professor’s metaphor (which is a good one for the dangers of socialism, but not Obama’s economics), imagine having a ton of available extra credit for tests in a very difficult class. Except that extra credit is given to the students with the highest grades. Now, they are lining their GPAs with a gratuitous amount of points. They don’t need to work as hard for the rest of the exams, they inflate their grades well over 100% and leave nothing of the bonuses for the rest of the class Meanwhile, the students that average in the middle that still work hard as unable to earn the points and have no motivation for the frustrated middle of the class to try for points they know they cannot receive. They have to try fruitlessly to earn high grades, while the students at the top of the class are able to sit back and do less, coasting on their position at the top of the class without keeping up a high level of work.