This is what today's so-called conservative right amounts to. They believe in socialism (essentlally, a safety net) BUT ONLY for the ultra wealthy and giant corporations. The rest of the less fortunate must fend for themselves in a hopelessly rigged market with no safety net and no leverage whatsoever.
The "socialism" label is MUCH more resonant than the "fascist" one is today, in my view.
The term "fascist" has these days come to mean merely "authoritarian" and is rarely understood as "the merging of corporations and government" (as it was originally defined)
The term socialist has been brought up so much by the right to slander Obama that it would be a clever and accurate way to use it effectively against them.