Well, according to Newsweek, we are.
The same media who criticized Republicans for accusing Obama of being socialist are now praising the fact that he is. From the NewsBusters article:
This is a remarkable declaration from the liberal media. They disparaged the Republicans as they told the voters that Obama would install socialism, and then when he begins to do that, media elites say well, “we are all socialists now” any way and demand that conservatives get on the bandwagon of “reality” instead of trying to resist:
If we fail to acknowledge the reality of the growing role of government in the economy, insisting instead on fighting 21st-century wars with 20th-century terms and tactics, then we are doomed to a fractious and unedifying debate. The sooner we understand where we truly stand, the sooner we can think more clearly about how to use government in today’s world.