Interesting. This is regarding his father, mind you, but this would seem to hint that Obama has entirely hidden his father's rather extreme socialism from the public.
I have a copy of Barack Obama's paper here in my hand, obtained from the stacks at UCLA (see the picture above). The paper is as describe by Odhiambo and Cohen, a cutting attack from the left on Tom Mboya's historically important policy paper "African Socialism and Its Applicability to Planning in Kenya." The author is given as "Barak H. Obama" and his paper is titled "Problems Facing Our Socialism", published July, 1965 in the East African Journal, pp. 26-33.
Obama stakes out the following positions in his attacks on the white paper produced by Mboya's Ministry of Economic Planning and Development:
1. Obama advocated the communal ownership of land and the forced confiscation of privately controlled land, as part of a forced "development plan", an important element of his attack on the government's advocacy of private ownership, land titles, and property registration. (p. 29)
2. Obama advocated the nationalization of "European" and "Asian" owned enterprises, including hotels, with the control of these operations handed over to the "indigenous" black population. (pp. 32 -33)
3. Obama advocated dramatically increasing taxation on "the rich" even up to the 100% level, arguing that, "there is no limit to taxation if the benefits derived from public services by society measure up to the cost in taxation which they have to pay" (p. 30) and that, "Theoretically, there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed." (p. 31)
4. Obama contrasts the ill-defined and weak-tea notion of "African Socialism" negatively with the well-defined ideology of "scientific socialism", i.e. communism. Obama views "African Socialism" pioneers like Nkrumah, Nyerere, and Toure as having diverted only "a little" from the capitalist system. (p. 26)
5. Obama advocates an "active" rather than a "passive" program to achieve a classless society through the removal of economic disparities between black Africans and Asian and Europeans. (p. 28) "While we welcome the idea of a prevention [of class problems], we should try to cure what has slipped in .. we .. need to eliminate power structures that have been built through excessive accumulation so that not only a few individuals shall control a vast magnitude of resources as is the case now .. so long as we maintain free enterprise one cannot deny that some will accumulate more than others .. " (pp. 29-30)
6. Obama advocates price controls on hotels and the tourist industry, so that the middle class and not only the rich can afford to come to Kenya as tourists. (p. 33)
7. Obama advocates government owned and operated "model farms" as a means of teaching modern farming techniques to farmers. (p. 33)
8. Obama strongly supports the governments assertion of a "non-aligned" status in the contest between Western nations and communist nations aligned with the Soviet Union and China. (p. 26)
http://gregransom.com/prestopundit/2008/04/gregs-guide-to-barack-obamas-d.html