Wednesday, September 19, 2012

President Obama's Belief in Wealth Redistribution Stark Contrast to Romney's Plan for Job and Wealth Creation

Obama in 1998 Speech: "I Actually Believe in Redistribution"

PHOENIX – After 43 straight months of unemployment over 8% and a current federal debt of $16 trillion, it's becoming more and more clear to voters that President Barack Obama has not only failed to improve our economy, he's pledged to do even more damage by redistributing more of the earnings of hard-working Americans through government programs. And here in Arizona, Obama's hand-picked Senate candidate Richard Carmona is not going to be well-received by Arizonans who like to keep what they earn and demand that elected officials be held accountable for how they spend taxpayer dollars.

At an October 19, 1998 conference at Loyola University, Barack Obama spoke against "propaganda" that said government doesn't work and the need to "pool resources and hence facilitate some redistribution because I actually believe in redistribution." (


The Republican National Committee also released a video today showing how the President's remarks are a reflection of his other recent statements demonstrating his neglect of the economy.
"President Obama and the Democrats in Congress have proven themselves to be wrong about what it takes to strengthen our economy and improve job prospects for the tens of millions of Americans who are out of work or looking for better jobs.” said Arizona Republican Party spokesman Tim Sifert. "Arizona voters are very troubled by Obama's failures on the economy, and moreso when they are reminded that the President Obama who is bent on redistributing wealth is the same President who recruited Richard Carmona to run for office.”


President Obama Promised The Stimulus Would ‘Create Or Save’ 3.5 Million Jobs

ASSOCIATED PRESS: The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while conceding that unemployment will likely continue to rise beyond its earlier predictions. (Stimulus plan will create or save 3.5 million jobs, White House says, Associated Press, 05/11/09)

But It Hasn't Worked: Job Growth Slows Sharply in August

Job growth slowed sharply in August, the Labor Department said Friday. Total nonfarm payrolls increased by 96,000, lower than the 125,000 gain expected by Wall Street economists. Adding to the sense of weakness, job growth in the past two months were revised down by 41,000. The unemployment rate declined to 8.1% in August from 8.3% in the previous month but the drop was due to a smaller labor force. Economists forecast the unemployment rate to hold steady at 8.3%. Average hourly earnings were flat at $23.52. Earnings are up 1.7% in the past year. The average workweek was unchanged at 34.3 hours. (Greg Robb, Job growth slows sharply in August, Wall Street Journal’s Market Watch, 9/7/12)

Richard Carmona Is The Handpicked Candidate Of President Barack Obama
"On September 23, President Obama called Richard Carmona to encourage him to run,” said one Democratic strategist. (Alexander Burns, Obama courts Ariz. Senate candidate, may contest state 'heavily', Politico, 10/06/11)

Carmona is one of the Democratic Senatorial Campaign Committee's favorite candidates and was personally courted by President Obama and Senate Majority Leader Harry Reid to get into the race. (David Catanese, Bivens clears the way for Carmona, Politico, 3/27/2012)

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