Moreover, fascism was always populist -- a very specific, producerist kind of right-wing populism. That's hardly what has proceeded from Obama and the Democrats, who if anything are looking more corporatist by the day.

So when we look at the reality of fascism, both historically and in the present, the only serious likelihood of any coming strain of fascism is proceeding, as we might expect, from the populist corners of the right, especially as it indulges and encourages eliminationist rhetoric directed at various "liberal" and minority targets (Latino immigrants in particular).