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In US politics the proper way to view it is that it's uttered to foster fear. We call it fear mongering for short.
Like the topics of abortion, flag burning, gay marriage and stem-cell research. Socialist and socialism is trotted out before the audience to take a bow and do a turn on tiptoed foot in hopes of scaring an old person to vote against your opponent. A quick check of the polls will tell them to do it again, or lurch erratically to the next tactic. It's easier to demonize your opponent by instilling fear in the ignorant masses than it is to promote your own fitness and readiness to lead the nation.
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43-922-863 Shut up and play your guitar. 
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