Free Market Evaluation - Send us your resume and we will give you free feedback
6-Year-Old Kidnapped to Teach Him Not to Be “Too Nice”
6-Year-Old Kidnapped to Teach Him Not to Be “Too Nice”
ISIS Burns Pilot Alive, Jordan Executes Two Jihadists in Response
ISIS Burns Pilot Alive, Jordan Executes Two Jihadists in Response
Dershowitz, ClintonFlew on Sex Jet with Jeffrey Epstein
Dershowitz, ClintonFlew on Sex Jet with Jeffrey Epstein
Father and Daughter Plan to Live as Married Couple
Father and Daughter Plan to Live as Married Couple
Legal Job Listings
Download PDF

Video of President Obama from 1998 Loyola Speech Released View Count: 24

Just days after a video of Mitt Romney was released talking about 47 percent of Americans being ‘dependent on government,’ a video has been leaked from 1998 of President Barack Obama. Romney’s comments came because the 47 percent he was referring to do not pay federal income taxes. The video of Obama, reportedly recorded at Loyola University, was posted to YouTube. It seems as though the thoughts expressed by Obama in the video are much different than the ones expressed by Romney in his video, which was taken at a fundraising event in May. In the Obama video, at the time a senator from Illinois, said:

“The trick is figuring out how do we structure government systems that pool resources and hence facilitate some [wealth] redistribution — because I actually believe in redistribution, at least at a certain level to make sure that everybody’s got a shot.”

It seemed as though Obama’s opinion of redistribution changed 10 years later when he was running his campaign for the presidency in 2008. He was criticized by Republicans when he said the following at a campaign event in Ohio: “When you spread the wealth around, it’s good for everybody.”

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




A statement has not been released by the Obama campaign or administration about the authenticity of the video.

Video of President Obama from 1998 Loyola Speech Released by

  • Lynn Jones

    The edited tape circulated by the Romney campaign is very misleading. It conveniently cut off the segment in which Obama linked the concept of redistribution to competition in the marketplace. The substance of his comment was that in order to encourage innovation and economic competition on the local community level fiscal policies must be adapted to encourage investment and innovation.

    Watch the video here: firstread.nbcnews.com/_news/2012/09/19/13971913-in-rest-of-98-clip-obama-speaks-of-competition-and-the-marketplace#comments

Tagged: , , ,

Posted by on September 19, 2012. Filed under Shocking. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Real Estate Partner
USA-CA-Los Angeles
Our client is a growing AmLaw 120 practice with a national support in growing the Los Angeles group to work with their East Coast offices.  The following practices are among those being target...


Apply now

Related Posts: