Wednesday
Sep192012
Obama: "I Actually Believe In Redistribution"
"I actually believe in redistribution..."
Drudge has this video as his top headline tonight. It's from a speech Obama gave in 1998, but was just uploaded to Youtube today.
At an October 19, 1998 conference at Loyola University, Barack Obama spoke against 'propaganda' that said government doesn't work and the need to "pool resources and hence facilitate some redistribution because I actually believe in redistribution."
Reader Comments (10)
effecting, to me, is from those who
sold the bubble to those very few who
bought most of it. But that latter group
still enjoys lecturing on financial TV
to those who sold the bubble. And it's on
those sets where those who sold the
bubble have to listen to someone saying
those who made good decisions and judgements
are not capitalist if they complain about it.
Hence, the policy of "hand it over."
If real negative returns, including a
Liquidity Trap leaving investors wondering
about higher returns lurking, isn't arm twisting
enough, than one literally can translate a
few bankers' liabilities, while carried, into cheaper
debt by way of diluting the currency, that then
something more the bubble buyers' toy than
the bubble sellers'.
Except, the concomitant deprivations to
everyone else leaves it a case of catch-up:
printing fast enough to gain ground on the
declining ability of nicer people to buy back
the bubble assets they just sold.
http://evernewecon.weebly.com/
--the TARP bailout
--the QE bailouts
--the mortgage settlement bailout
--bailouts of financial criminals via refusal to prosecute
--balance sheet bailouts via mark-to-fiction accounting
--healthcare
--the National Defense Authorization Act
--the ever-extending Patriot Act
--et cetera et cetera
But nevermind. Get your ass to the polls, proles, and vote Obamney!
Obama be Quick
Obama be Gone,
November 6th.
I will be voting Romney with the hope that Ryan will hold his feet to the fire.
Obama be Nimble,
Obama be Quick,
Obama be Gone,
November 6th.
http://www.washingtonpost.com/blogs/erik-wemple/post/nbc-news-and-obama-redistribution-video-trust-but-verify/2012/09/20/74f1efe6-0345-11e2-8102-ebee9c66e190_blog.html