Obama in 1998: I Believe in Redistribution

An audio recording of President Obama speaking at Chicago’s Loyola University in 1998 has surfaced. In it, Obama outlines his belief in the redistribution of wealth. Then-Illinois State Senator Obama spoke out against “propaganda” that said government doesn’t work and the need to use its means to help the less fortunate. Obama discussed the need to “pool resources and hence facilitate some redistribution because I actually believe in redistribution.” Take a listen below …

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