No where in Audacity of Hope, his autobiographical exploration of American values and politics, does Obama mention private property. I could not even find the term, "private property", anywhere in the book.
When Obama recites the censensus of values in which all Americans believe, which are an accepted basis for the American way of life, he does not mention private property. He does not see that freedom is related to the pursuit, possession, and use of private property. He does not see the connection between free labor and private property. He does not see private property as essential to individualism. He does not think that private property is essential for self-esteem. He does not see the connection between the dream of social mobility and the accumulation of private property. He does not see the possession of private property as related to the other freedoms, such as speech, firearms, and worship, protected by the Constitution. He does not see the right to private property as necessary for civil liberties at all. He does not see private property as part of the American dream. He does not think that government should encourage and support the creation of private property and new forms of private property. He does not think that protection of private property is a function of government.
Obama has a very distorted view of America. Is it also a dangerous view? He must be confronted on his philosophy of government. He should not be given a pass on this issue.
I have discussed his philosophy of government at length here. You should read it.
Update. September 17, 2008. Obama's connection to and political support for socialist politicians is discussed in this Atlas Shrugs article. See my article discussing how we might think about Obama's relationship to socialism, here.