EDITOR:Economist Thomas Sowell is one of the most clear-thinking conservatives on the scene today. As such he often sees things others of us do not, and he has done it again. In a recent column for Townhall, Sowell questions the practice of calling President Obama a socialist. Sowell is not defending the president. Rather, he is making the point that conservatives-myself included -have been using the wrong term to describe Barack Obama. According to Sowell, President Obama is not a socialist, he is a fascist-an important distinction. I, for one, am willing to accept Sowell's gentle slap on the wrist and admit that he is right.