Sept. 2012, President Barack Obama speaks at a campaign rally in Golden, Colo. Recently a 14-year old video of Obama has been released about him saying he supports government redistributing wealth.
Ed Andrieski, Associated Press
Our take: Following Mitt Romney's secretly recorded comments about the "47 percent," a counter video was released of Pres. Obama back in 1998 talking about how he believes in redistribution in the government. Peter Grier, from The Christian Science Monitor explains what redistributing wealth can mean:
"To what extent do US federal taxes redistribute wealth? That's a question that comes up because 'redistribution' is a hot word in American politics at the moment. Republicans in recent days have been brandishing a newly released 1998 tape on which then-state Sen. Barack Obama of Illinois endorses the concept of government redistributing wealth from one group to another.
"I actually believe in redistribution, at least at a certain level, to make sure that everybody's got a shot,' says Mr. Obama on the 14-year old recording."
Read more about Romney, Obama and Redistribution on The Christian Science Monitor.
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Prince Phillip once said, "we gave to the poor until we were all poor." That about sums it up. Redistribution of wealth is a fact of our lives, social security, medicare, medicaid, food stamps, welfare, etc. But it can become excessive and More..
A Proclamation on the Economy
from the LDS 1st Presidency and Twelve
"The experience of mankind has shown that the people of communities and nations among whom wealth is the most equally distributed, enjoy the largest degree of More..
I heard BO lying on NPR this morning. He said Romney said people WANT to be dependent on government. Yeah, Romney's words were ill-chosen, but BO goes beyond what Romney said and LIES about it. BO further lied saying he rallied the American More..