I think a lot of it is, a simple stating of the obvious. Things are in fact very very wrong with this country.
The one thing that gives me hope is how much the tea party and progressive movements actually have in common. The problem is they've alienated each other, so the common causes they could get steamrolled through all levels of government (transparency and accountability, to name two) are quietly brushed under the rug for those issues that divide them.
The Government acting as a bank of last resort is closer to Mussolini's Corporatism/Fascism then Capitalism though.
America's fascist risks are more apparent in the strength of the lobbying industry, here. It's important to remember that Mussolini's definition of corporatism included things like guilds and so on - 'special interests'. In moving us slightly away from that (by tossing lobbyists from panels), Obama scores points over his predecessor.
Problem is that in a recession driven by lack of demand driven by a lack of liquidity amongst the lower (bottom 80% in the US) classes,
1) The investment markets aren't trusted by the rich and
2) The banks where they store their money aren't lending and
3) The rich don't simultaneously commit to a massive act of charity and
4) The rich have a net income minus taxes and expenditures greater than GDP growth
5) Only government spending (either through acquiring debt from those same rich, taxing them more, or printing money) is going to correct the problem in the short term.
If it isn't corrected, and everyone clams up, a different currency eventually needs to take the place of the current one, and most of the rich would lose nearly everything in such a scenario (even if it wasn't violent). It wouldn't be gold, mind.
Also, even if they didn't control day to day, they still had the most GM stock, making them Majority owners, no?
It's still a temporary situation, rather than a transitional or permanent phase as is intended by genuine socialists.