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White House Refuses to Refute Obama's Statements on Redistribution of Wealth.

zbacku 2012/09/21 23:48:40
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Obama = Socialist At Best.
Obama = Failure.
We All Know Obama Wants To 'Redistribute Wealth'.  He's Said It Many Times.
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  • beachbum 2012/09/22 17:46:53
    What Do You Think?
    beachbum
    All of the above.
  • gocar 2012/09/22 15:14:12
    What Do You Think?
    gocar
    +2
    I think if you want to quote something you need to watch the whole video where he finished explaining what he meant. Distribution of money (or wealth if you want to call it that ) is vital in a Capitalist Society. Money needs to circulate to have the economy doing well. When too much money stagnates at the top and the middle and bottom do not have enough they suck in their belts and stop spending on anything other that essentials. Look at the latest Forbes figures and see how in America far too much money is being sucked up to the top 1% and taken out of circulations. The rich get richer is not a new idea but a very true one. The only way to get things moving again is to thing up way to shake that money loose and spread it around again.
  • A Founding Father 2012/09/22 06:46:35
    Care To Comment?
    A Founding Father
    +2
    Under the plans called "Reaganomics" and "supply side economics", more than $27Trillion of wealth was taken from America's middle class citizens and left in the hands of the "Top 2% Club" members, Wall Street brokerages, and Reagan Banks. Since 1980 these middle class workers and savers have lost more than 50% of their net worth, while the "Top 2%" have more than tripled their share of the nation's wealth. Those are the facts.

    The result is that millions have lost their homes, their retirement accounts, savings and investments, much from the schemes created by the banking deregulation and tax code changes made under the Reagan and GWB Administrations. Without oversight or caring
    the pillage was done with such things as "derivitives" and "asset backed securities" sold to
    hard working citizens, and dumped into their Mutual Funds and retirement accounts, knowingly worthless papers that took from the "investors" and kept by the "sellers". Those are the facts.

    Now, this huge sum of money has become the Monopoly game of those who now possess it, buying them a life of luxury only a very few can even imagine. $100 Million Yachts, homes costing $100 Million and more, multiple homes across the world, $100 Million private jets, $100 Million trust funds for each of the children an...












    Under the plans called "Reaganomics" and "supply side economics", more than $27Trillion of wealth was taken from America's middle class citizens and left in the hands of the "Top 2% Club" members, Wall Street brokerages, and Reagan Banks. Since 1980 these middle class workers and savers have lost more than 50% of their net worth, while the "Top 2%" have more than tripled their share of the nation's wealth. Those are the facts.

    The result is that millions have lost their homes, their retirement accounts, savings and investments, much from the schemes created by the banking deregulation and tax code changes made under the Reagan and GWB Administrations. Without oversight or caring
    the pillage was done with such things as "derivitives" and "asset backed securities" sold to
    hard working citizens, and dumped into their Mutual Funds and retirement accounts, knowingly worthless papers that took from the "investors" and kept by the "sellers". Those are the facts.

    Now, this huge sum of money has become the Monopoly game of those who now possess it, buying them a life of luxury only a very few can even imagine. $100 Million Yachts, homes costing $100 Million and more, multiple homes across the world, $100 Million private jets, $100 Million trust funds for each of the children and grandchildren, staffs of servants, drivers, boat crews, jet crews, gardeners and maids, by the dozens. After all this spending still there are $Trillions left in "offshore" accounts used to finance industries and jobs in China and India, and thereby "untaxed" in America. Those are the facts.

    In order for America's middle class to survive for another decade and not become indentured peasants to these new Aristocrats, some of this money must be "clawed back"
    by those from whom it was taken. That is what the President has suggested, that these
    who have pillaged and plundered must now step up and pay a fair share of the burdens of our Government and our society, military, and our national health needs. They can no longer be permitted to take from the workers with 30% interest on credit cards, raise prices of drugs and medical services every three months, and use insurances as a piggy bank to fleece the unsuspecting. Those are the facts.

    Recall that at the time of the 1929 collapse of out economy these same conditions existed and the "Top 2% Club" then had essentially all of the assets of the nation within their hands. Subsequently, for fifty years America's workers slowly regained some wealth, paid for homes, sent the kids to college, saved for retirement, and invested in millions of small businesses, family farms, and even owned an automobile and some had a vacation cabin or home. That ended in 1981 when Reaganomics began to take from these savers and gather the money into the hands of the "Club" again. Our middle class has become a struggling mass since then, demanding at least two incomes in each household, and inflating the cost of living with disguises and deceptions until the conditions of have
    reached this critical state we face today. Those are the facts.

    Mitten, on the other hand, has promised to give $240,000 more welfare each year to those who already have more money than they know what to do with, while taking at least $2,000 more each year from each of the working middle class, and tossing your parents and grandparents under the nearest bus by removing Medicare, Medicaid, and the many social programs underpinning the disabled, handicapped, and destitute. Those are the facts.

    We have choices to make in November. If you are one of the "Top 2% Club" you can hope to get a $240,000 bonus by voting for Mr. Romney. I don't think Warren Buffet and Bill Gates will be interested, but others of great wealth might. If you are one of "The 98% Club", your best interests will be served by voting for Mr. Obama and hope he can help
    to claw back some of the missing $Trillions before your small savings is gone and the kids
    can't go to college or afford a home of their own.
    (more)
  • Boris D. 2012/09/22 02:36:39
    We All Know Obama Wants To 'Redistribute Wealth'. He's Said It Many Times.
    Boris D.
    +1
    It is a Democrat strategy to have more and more people dependant on them for their livelihood, so they can literally buy their votes.

    Liberals have a vested interest in keeping people in poverty, not lifting them out of it.
    benjamin franklin vote money
  • johnc 2012/09/22 01:49:10
    We All Know Obama Wants To 'Redistribute Wealth'. He's Said It Many Times.
    johnc
    +1
    something about someone cannot take from you but government can and give it to them. just makes no sense to me. but I am not a democrat. One of the big problems is "the cost of this Obamanomics government is too damn high" someone said something like that. I agree.

    so it is and has to be :

    NOBAMANOMICS2012
  • ed 2012/09/22 01:25:18
    We All Know Obama Wants To 'Redistribute Wealth'. He's Said It Many Times.
    ed
    +2
    he can start with his
  • johnc ed 2012/09/22 01:51:49
    johnc
    +1
    a democrat do that? now that is funny, thanks.

    I don't think many democrats invested thier money in solyndra only our money.

    this smells like Obamanomics

    and I say

    NOBAMANOMICS 2012
  • Mel the Witch POTL PWCM~JLA 2012/09/22 01:10:38
    Care To Comment?
    Mel the Witch POTL PWCM~JLA
    +3
    Because it is one of the few things "Bama" has told the truth about.. He's a Marxist
  • Vision of Verve 2012/09/22 01:01:52
  • Reichstolz 2012/09/21 23:51:28
    We All Know Obama Wants To 'Redistribute Wealth'. He's Said It Many Times.
    Reichstolz
  • johnc Reichstolz 2012/09/22 01:52:36
    johnc
    +2
    NOBAMANOMICS2012
  • Boris D. Reichstolz 2012/09/22 02:39:58

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