Republicans trumpeted news Tuesday of a 1998 audiotape showing future president Barack Obama calling for progressives to use a “trick” to enable unpopular economic redistribution. In that speech, Obama also used some of the same language he’s adopted for the 2012 campaign.
Amid public distrust, “the trick is figuring out how do we structure government systems that pool resources and hence facilitate some redistribution? – because I actually believe in redistribution, at least at a certain level to make to make sure everybody has got a shot,” Obama told a Loyola University audience in October 1998.
Since his ascent to the White House, he has followed a strategy of “pooling” taxpayer dollars into projects, including green-tech programs and cheap mortgages, that promote redistribution, while hiding the costs and risks.
The video first surfaced on YouTube, and was quickly placed at the top of the popular Drudge Report website.