Video Illustrates President Barack Obama Believes In The Illegal 'Redistribution Of Wealth'

September 19. 2012

A newly unearthed video from 1998 of then U.S. senator Barack Obama, reveals the current President making financially unsound statements that he has clearly carried over into his tenure at the White House. Obama stated he believes government should, "Pool resources and hence facilitate some redistribution because I actually believe in redistribution."

Barack Obama

Republican presidential candidate Mitt Romney responded to the video by stating, "...'Frankly, we have two different views about America. The president’s view is one of a larger government. There is a tape that came out where is the president is saying he likes redistribution. I disagree. 'I think a society based upon a government-centered nation where government plays a larger and larger role, redistributes money, that’s the wrong course for America. That will not build a strong America or help people out of poverty."

Mitt Romney (right) and running mate Paul Ryan (left)

President Barack Obama implemented his redistribution of wealth views when he assumed office in 2008 and has annihilated the U.S. economy in doing so. One can help the poor without bankrupting a nation. Bill Clinton proved that and had the most successful financial presidency in American history, helping both the rich and poor.

George W. Bush

After former President, George W. Bush squandered the American taxpayers money on a costly war he and Vice President, Dick Cheney lied about, Obama shunned austerity in favor of spending $5 trillion dollars. The taxpayers have and will foot the bill for generations to come, regarding this fruitless debt that has failed to improve the financial crisis, only serving to make it worse.

Congress

President Obama does not deserve a second term in office to continue these unwise financial policies he refuses to stop that will only serve to further bankrupt America. Redistribution of wealth, also known as theft, is unethical and does not promote financial growth. It creates stagnation, which explains the economy during Obama's four years in office. Furthermore, this odd redistribution of wealth took from the taxes paid by the working poor and middle class to enrich the corporate sector to the tune of trillions of dollars, after they brought this financial plague on America.