The Audacity of Redistribution

“The Supreme Court never ventured into the issues of redistribution of wealth and sort of basic issues of political and economic justice in this society, and to that extent as radical as people try to characterize the Warren Court, it wasn’t that radical,” Obama said in the interview, a recording of which surfaced on the Internet over the weekend…. It didn’t break free from the essential constraints that were placed by the founding fathers in the Constitution, at least as it has been interpreted.”

Obama, in 2001 Interview, Lamented Failure of Civil Rights Movement to Redistribute Wealth

“I am certain that nothing has done so much to destroy the juridical safeguards of individual freedom as the striving after this mirage of social justice.” F. A. Hayek, Economic Freedom and Representative Government

Ace of Spades points out the most salient aspect of Obama’s remarks:

Also a reminder: this story is not about simple redistribution from the haves to the have-nots, which is the norm from Democrats and therefore unsurprising. Obama’s redistribution is in the context of the civil rights movement. In other words, from everyone else to blacks, based on nothing so much except skin color.

Extra Reading:

Shame, Cubed by Bill Whittle, National Review
Obama’s Redistributionist Obsession by Tom Blumer, Pajamas Media
Daily Kos Desperately Spinning Obama ‘Redistribution of Wealth’ by P.J. Gladnick, Newbusters.org

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3 Comments

Filed under 2008 Election, Barack Obama, Politics, Redistribution

3 responses to “The Audacity of Redistribution

  1. Your funny:) Would you consider redistribution of wealth in the case of Tax dollars writing $700 billion checks to Corporations? How about using public finance tax dollars say $150k to dress and put make up on a Vice Presidential Candidate? Illegal I might add thanks to a reform bill that John McCain championed in 1993. At least Sarah had the good sense to buy a scarf declaring Vote Democrat, and then wore it to her Vegas rally. She’s a bright one that Sarah. I heard she’s an Astronaut, because she can see the Moon from her yard.

    Also real quickly I might add that the top 1% have more accumulated wealth currently and the other 90% of our population. Looks like the distribution is working just great for them.

  2. retractablehornsandtail

    First things first: The RNC paid for Sarah Palin’s wardrobe not public finance dollars. How about the $3 million that the DNC paid to build Obama’s stage at Invesco Field? Wouldn’t that have been better spent by being redistributed to the poor in Denver?

    I most definitely do not agree with the $700 billion bailout of the financial industry, and many others– Republicans and Democrats alike–do not support it.

    My federal tax dollars would not now be redistributed to financial institutions if corrupt Congressmen like Chris Dodd and Barney Frank had done their jobs and provided proper oversight of Fannie Mae and Freddie Mac. Despite numerous warnings, these two men and many other Congressional Democrats continued to praise the job Fannie/Freddie were doing and continued to protect the corrupt executives who were lining their own pockets at the expense of taxpayers, mortgage lenders, and private citizens.

    My tax dollars would not now be redistributed if Congress had not encouraged and incentivized lenders into giving home loans to people who could not afford them, all under the guise of “expanding the American Dream.”

    My tax dollars would not now be redistributed if Real Estate Agents, knowing full well that their clients could not afford the homes/loans they were buying, hadn’t closed their eyes, made those sales anyway and pocketed the commissions.

  3. retractablehornsandtail,

    Frank and Dodd in my opinion are guilty as charged, but definitely not alone a very bipartisan effort as far as that goes. I could get real detailed for you but suffice it to say there are a lot of Congressional leaders that should go to jail over all of this. As far as trying to pin it on one legislative body or Political Party would mean that facts are annoying little pieces of evidence. Here’s a quick one for you: President Hosts Conference on Minority Homeownership “I set an ambitious goal. It’s one that I believe we can achieve. It’s a clear goal, that by the end of this decade we’ll increase the number of minority homeowners by at least 5.5 million families. (Applause.) source: http://www.whitehouse.gov/news/releases/2002/10/20021015-7.html Myself I am a Realtor and have 151 sides in the last 6 years and not 1, I repeat not 1 of my clients as lost their home. So do not pass judgment on wholes but determine who the problem lies with and bring charges against those that are truly guilty for the deregulation on the banking industry that even allowed a stated income, stated job, and no income verification loan. Lobbyist and Banks. Oh and by the way one of the biggest Lobbyist behind the deregulation and one of the biggest proponents is Phil Graham for one John “I’m a deregulator by nature” McCain

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