Monday, October 13, 2008

Hey, That's Socialism!

Obama wants to 'Spread the Wealth Around'
Translation: Obama wants to spread your wealth around!
Middle class will work longer, harder and pay more taxes so that government handouts and welfare can be increased for ACORN, etc.
Obama to Plumber: My Plan Will 'Spread the Wealth Around'
Barack Obama tells a plumber in Ohio he wants to "spread the wealth around," eliciting criticism that his economic recovery plan is socialist in nature.

FOXNews.com
Monday, October 13, 2008
Barack Obama told a tax-burdened plumber over the weekend that his economic philosophy is to "spread the wealth around" -- a comment that may only draw fire from riled-up John McCain supporters who have taken to calling Obama a "socialist" at the Republican's rallies.

Obama made the remark, caught on camera, after fielding some tough questions from the plumber Sunday in Ohio, where the Democratic candidate canvassed neighborhoods and encouraged residents to vote early.

"Your new tax plan is going to tax me more, isn't it?" the plumber asked, complaining that he was being taxed "more and more for fulfilling the American dream."

"It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success too," Obama responded. "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody."

Obama's remarks drew fresh criticism on the blogosphere that the Illinois senator favors a breed of wealth redistribution.

Obama frequently rails against what he calls a Republican concept that tax breaks for the wealthy will somehow "trickle down" to middle-class Americans. Obama says he will not raise taxes on anyone making less than $250,000 a year. However, McCain's aides and supporters argue that Obama wrongly wants to raise taxes on businesses in a time of economic distress.

Both candidates spent Monday discussing how they would resurrect the ailing economy. McCain again pointed to his plan to buy up cumbersome mortgages from homeowners and renegotiate them. Obama unveiled what he called an economic rescue plan for the middle class, which included a 90-day moratorium on foreclosures.
Click here to watch the video of Obama's remarks.
FOX News' Bonney Kapp contributed to this report.

No comments: