Obama in 1998 Speech: ‘I Actually Believe in Redistribution’

Tuesday, 18 Sep 2012 05:20 PM

By Paul Scicchitano

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
An audio recording of President Barack Obama surfaced on social media Tuesday in which the president can be clearly heard telling a Loyola University audience in 1998 that he believes in the “redistribution” of wealth in America, something that his critics have long charged.

“I think 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 sure that everybody’s got a shot,” Obama can be heard saying.

The audio file, which was posted on YouTube, purports to be from an Oct. 19, 1998 conference at Loyola University, where Obama, then an Illinois state senator, termed the substance of his speech policy research “for the working poor broadly defined."



Obama’s GOP challenger, Mitt Romney, came under fire earlier this week after the release of a video tape showing him characterizing supporters of the president as people "dependent on the government" who "believe that they are victims."

In his remarks 14 years ago, Obama blamed a “propaganda campaign” in part for what he described as the notion challenging the effectiveness of government action.

“I don’t think it’s too strong to call it a propaganda campaign against the possibility of government action and its efficacy, and I think some of it has been deserved,” Obama acknowledged.

“The Chicago housing authority has not been a model of good policy-making and neither necessarily have been the Chicago public schools,” he added. “What that means then is that as we try to resuscitate this notion that we’re all in this thing together — leave nobody behind — we do have to be innovative in thinking what are the delivery systems that are actually effective and meet people where they live?”

Obama also maintained that there were both technical and political issues that had to be addressed in restructuring government systems that pool resources.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

US Special Forces Tried to Save Journalist Before Beheading

Wednesday, 20 Aug 2014 19:30 PM

U.S. Special Forces attempted to free James Foley, the American journalist beheaded by the Islamic State (ISIS), earlier . . .

Judge Orders Holder to Cough Up Fast, Furious Documents

Wednesday, 20 Aug 2014 23:03 PM

A federal judge has ordered the Justice Department to provide Congress with a list of documents that are at the center o . . .

Dick Cheney: Deal With ISIS or Face Attack Far Worse Than 9/11

Wednesday, 20 Aug 2014 22:51 PM

Former Vice President Dick Cheney warns that if the United States doesn't deal with the Islamic State (ISIS) terrorist g . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved