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Subscribe to RSSPresident Obama is seen speaking at a conference held at Loyola University in October 1998 about city government and public policy, in which then-Illinois state senator talked about making government more efficient.
Updated 11:29 p.m. — Mitt Romney's campaign this week has pounced on a 14-year-old clip of Obama speaking about "redistribution" in October 1998 at a conference in Chicago, in which the future president seems to extol the virtues of redistributing wealth.
Yet NBC News has obtained the entirety of the relevant remarks, which includes additional comments by Obama that weren't included in the video circulated by Republicans. That omission features additional words of praise for "competition" and the "marketplace" by the then-state senator.
In the whole clip, Obama says:
I think the trick is figuring out how do we structure government systems that pool resources and hence facilitate some redistribution because I actually believe in redistribution, at least at a certain level to make sure that everybody's got a shot. How do we pool resources at the same time as we decentralize delivery systems in ways that both foster competition, can work in the marketplace, and can foster innovation at the local level and can be tailored to particular communities.
Obama continues in a few words after that to describe the use of tax credits in setting public housing development policy in Chicago as an example before concluding.
The video circulated by Republicans, which has used as fodder for an attack on Obama, includes a longer reflection by Obama about talking about how government action can be effective. But the clip has been cut short after the word "shot;" Obama's words about competition, the marketplace and innovation are omitted from the clip.
Romney has nonetheless seized upon this clip as his campaign looks to regain its footing after the release of a surreptitiously-recorded video of the GOP presidential nominee speaking at a private fundraiser in May. Romney's campaign has been bogged down in criticism from conservatives and Democrats alike since the release of the clip, in which Romney talks about how he couldn't count on the support of 47 percent of Americans, since they pay no taxes, and are "dependent" on government.
The Republican candidate has used it as campaign fodder as recently as Wednesday.
"This is how America works. It does not work by a government saying, become dependent on government. Become dependent upon redistribution. That will kill the American entrepreneurship that’s lifted our economy over the years," Romney told donors at a fundraiser this afternoon in Atlanta. "The question of this campaign is not who cares about the poor and the middle class? I do. He does. The question is who can help the poor and the middle class? I can! He can’t!"
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Freudian Slip: Obama Now Says He Was Born To Single Mom; No Goat Herder? - 9/13/2012
So now his parents not married? Dreams of My Single Mother?
"The only people who have something to hide is people who don't want to tell the truth..." -Barack Obama
So...when is Mitt going to release those tax returns?????
I guess that would apply to romney also, you people are either rich or just stupid and ignorant that you think that romney is so great.
Who gives a crap about HIS tax returns! It isn't about what he does for himself! It is about what he will do for the country and the people! It is pure and simple these Politicians have fat pockets. Almost ALL of them! So whats your dumb a## point? You will be asking how he wipes his a## next right? Douche bag
Real mature tothetop777.
The point is, for decades, presidential candidates have offered up at least 5 years of returns. Mitt has only offered up a partial one while demanding multiple years from Ryan.
Do you get upset when Republicans demand Obamas college records?
Forget the tax returns there is nothing there except the fact that his attorneys did it right. As far as the left out part of Obama's speech it also is meaningless because he has no interest in "competition" as can be seen with his crony capitalism i.e. trying to pick winners and losers and failing at it. As far as the market place is concerned he is trying to destroy that by destroying small business with punitive regulations and taxes. This man is a Marxist/Socialist and with them there is no competition as the government owns it all and the market place is held in check by controlling the output of industry and agriculture. This guy has to be shown the door preferably with a size 13 jump boot planted squarely in the middle of his ass.
What Romneyhood is afraid to show us in his tax returns is that he took that amnesty for tax cheaters. Would you vote for a tax cheater and a draft dodger?
O and Joe 2012!
Well we do have a TAX CHEAT in charge of the Fed and the same jerk was in charge of the banking commision in NY when AIG Floped And Buckwheat appointed him and charlie tax code writer , and big tax cheat got reelected by the SHEEP in Harlem maybe Geitner needs to go with his apology biy obama in nov what do you think ? and the 5 year tax return is bs also , Kerry gave up 2 and mccain gave 2 so dont lie about 5 years has been the norm . Only one is required. but my bad i forget its ok for Dictator obama and his party to be tax cheats but that dosent stop them from lying about others thats the Chicago Machine at work. Ive seen it my whole life .if you cant beat em fair make up lies and the SHEEP who are too stupid to think for themselves will Help SPREAD THE LIES!
U.S. Ambassador Reportedly Raped & Sodomized Before Being Killed
Mob of Libyans that Obama praised for taking Ambassador Stevens to the Hospital, raped him before dragging his body through the streets.
“Libyans acted responsibly by carrying Steven’s body to the hospital…”
– Barack Hussein Obama, 9-12-12
bob-1805084,
I would ask you the same about Romney...but I already know the answer. Republicans, year after year, election after election, continue to vote AGAINST their own self -interest, and you want to know if Obama supporters are dumb. You epitomize the word.
the whole time your messia obama was in the illinois senate he NEVER ONCE VOTED FOR OR AGAINST ANYTHING. All he ever did was vote present. and you ignorent blind sheep vote for him . Talk about self interest , he dam sure dont give a dam about you wake up and see how he is using all you Dumb FOOLS to help destroy america by giving it to lazy gimme scabs most of which dont care bout nothing but their free handout from the hard working people who pay ALL THE BILLS, while the democrats piss the money up on handouts and vote buying.
Heh. Romney continues to stand by his remarks in his infamous video. I would enjoy another 2 minutes of foot in mouth from the Republican candidate.
THis is what desperation looks like. The Republicans know they are losing so they are trying to pull, "oh look, we have our own tape! 14 year old tape! And it's been edited to hell and gone! But we got a tape!" Stupid and it will come back to bite them in the arse.
LOL, a 14 year video? The Romney campaign is really horrible. Did they not think that this wasn't reviewed by the McCain campaign in 08? Mr Romney, you better stop listening to Limbaugh. Ugh, I should feel sorry for him but I don't.
Repugnicans taking quotes out of context in a dishonest attempt to throw mud on the competition? That's hardly news.
The tag-team of liars--Romney/Ryan-- think the American public is really, really "stooopid"! But, this is a large part of their "dumbing down of America" mantra. If they didn't clip the video, then... I'd be surprised.
Fact: Mittens will never, ever be POTUS! His own party does NOT like this "severely conservative", offshore bank client.
BTW: Obama/Biden win in 2012! No doubt!!
Why noy cry to see the entire Romney video?? Romney 2012
I've watched the entire Romney video 5 times already. If you're too fundamentally stupid (and from the spelling and grammatical errors in ALL of your posts I'm thinking that you are...) to figure out how to do so yourself,then that's your problem.
I guran-effing-tee that a dullard such as yourself IS one of the 47% that Romney is disparaging in that video.
At least obama dosnt have to dumb anyone down . They cant get any dumber if they were bricks.
Where is all the Dumbocrats to comment on this. Fiesty Smelly a## Redhead, Roselle, IL where is your pompus a## sarcasm? Only jump on it if its about the opposite party right? You Dumbocrats are so predictable. Food Stamps & Welfare! Gimme Gimme Gimme right Fiesty? Gag and puke!
Go back to school and this time LISTEN to your teachers.
Get out of your trailer, wash your pus##, spend your welfare checks responsibly, and then eventually pay your own way. You might be called a true American when you build your own way in life and provide for yourself. Scumbag
We all know Willard wants to redistribute the wealth too, only from the bottom to the top as the RepukliCON have been doing for decades... All you have to do to know is to listen to him or read his tax plan... where he avoids arithmetic.
What about the ENTIRE Romey video?? Oh!! Thats right.. Thats missing, video turned off and back on... Learn how to report the news you dirt bags...
The ENTIRE Robme Romney video IS online, you do know how to find things online right?
It has been edited.. even dumbocractes in Washington are saying, Oh well the video turned off then back on... LMAO!!
Not missing at all. It's out there. No ones fault but your own if you think a left leaning site will post it.
You have Internet access. Use it for something other than feigning outrage that a Liberal site wouldn't post it out of context.
Let's See, Rush Limbaugh, Hannity, Michelle Bachman, Sarah Palin, Rick Santorium, Paul Ryan, and Now Mitt.
Gone Colin Powell, Jeb Bush, John Mccain, Huntsman, Kay Baily Hutcheson,
Do we see a pattern, the Republican Party has been taken over by the Inmates. It's sad really. Given the policies of the Party , they won't win a Presidential Election, unless they steal it, for years to come, as long as the nuts are in charge, you're doomed
Well, they have done in the past and will this time... there very best to steal an election. Those teabilly's are a hate filled lot... they have destroyed the soul of the republican party. HA!
Obviously all his praises of the free market negate whatever he might have said earlier in the recording.
ReBoot,...another word for etch-a -sketch.
--- Breaking News from http://www.nationalmemo.com">NationalMemo.com ---
http://www.nationalmemo.com/?p=25479">Poll: Obama Claims Lead Among Small Business Owners
A new poll suggests that one of Mitt Romney's central messages is falling flat with its target audience. President Obama now leads Romney 47 percent to 39 percent among small business owners -- and the rest of the numbers are a huge red flag for Republicans. http://www.nationalmemo.com/?p=25479">Read more.
Enjoy this good news from the "liberal media", you fake lovers of "manure-mouth" Mittens and Lyin' Ryan.
BTW: Obama/Biden win in 2012! No doubt!!
What HUGE numbers? Claim it then prove it... Romney 2012
Prove it yourself republicon.
A: So it's OK for the Romney campaign to dredge up a 14 year old video,take the quotes that they think are damaging out of context (not like they haven't done THAT before...) and run with that,but we aren't allowed to ever mention the dipshyt who's mess Obama has been trying to clean up for 4 years?
B: Funny that you have to take Obama's words out of context but the more complete the content you get from the Romney video the worse it becomes.
Hilarious!!!! Poor mitt the twit is soooooo desperate! Seriously, he really should just stop making a complete fool out of himself and go away. He has proven that he's not capable of even speaking, unless someone smart writes a speech in crayon for him...and then he still sounds desperate. I'm just happy that the largers percentage of Americans are still smart enough to realize Obama is doing the right thing and we would be much further along if pathetic republicans were decent enough to help out...But it's still scary to see how many morons will lie, scream, and post absolute racist nonsense in a sad effort to support a dimwit like mitt. Thank God above that the smart people will win, rather than the delusional sneaks in the gop...wait till the next round of elections come...many republicans will be tossed on the freakin ears for the BS they have caused in the last few years....they are more republican than American and can rot in hell for what they have done to our economy!
A fourteen year old, piece mealed tape... I smell desparation! todays GOP pathetic... more so with every passing hour... thats what you get when you sell your soul to a bunch of teabilly's.
Alabama, Missisippi, Louisianna Georgia, etc. All are "Red" States and the very people the OL' Mittster was talking about , lol. Republicans, , do you guys wonder why you're the joke of every major outlet, why only Fox News is on your side, ran by the guy who was in charge of phone hacking debacle. Here's why, YOU VOTE AGAINST YOUR OWN INTEREST, most of the people who are Republicans ARE POOR WORKING WHITES WHO DEPEND ON THE GOVERNMENT MORE THAN ANY OTHER GROUP, YOU DON'T HAVE TO LIKE IT , BUT IT IS A FACT. yet you are always sidiing with the fat cats.
Talk about redistribution why doesn't Rumhead Romney redistribute the money he has in the Caymans back here to the USA and pay his fair taxes on it... That would greatly impress me .... WHERE ARE THOSE TAXES MITT THE TWITT?????
Obama and Biden for 4 more years
romney is going to have a very hard time winning this election. in my life i have never seen the media this one sided. he is battling obama and the media which seems bent on crushing him. say good bye to the second amendment when the socialist president appoints his next supreme court justice. i think about what this once proud nation is becoming under his majesty president obama and i cringe for my children
Yes eddie,the media is holding a gun to his head off camera,forcing every one of these idiotic,tin-eared utterances to pour forth.
As for your 2nd Amendment statement...congratulations on being EXACTLY the kind of low/no information idiot that the GOP banks on voting for them every 4 years.
With a moron like you for a father you should cringe for your children.
And when this spawn of satan gets reelected as you say, he will turn on you all like the drug dealer who lets you get fronted into him deep and then says pay up NOW! get ready Satan is coming and this obama is there to help pave the way,so dont dispair,it is meant to be. and all the sheep will suffer as well.
In 1998, I have no BA or BS Degree; but in 2008, I have received the second BS Degree. . . This is an example of the change in a decade.
Romney is just so naive and ignorant; has he known that how much a human being learns throughout his/her years, e.g. at least a decade?
When you are rich, you are "entitled" to know and learn whatever you want.... hence.... all the ignorance... what does he care... his silver spoon will still be planted firmly in his mouth when this is all over.
Geez NBC, you are really stretching this. Discussions around redistribution has nothing to do with competition ... don't you get it, or, are you just so enameled with BO you DON'T want to see it!
Historical Fact. Only 4 percent of whites owned slaves in the South during the 1800's but that 4 percent convinced the other 96 that it was a good thing even though the slaves were actually keeping them from working because the slave owners usually owned all the other businesses and would just use the slaves for free labor. The Republicans are the same , the people preaching to you are Millionaires and yet most Republicans are poor.
NOBODY believes in "redistribution of wealth" more than Mitt Romney. He just wants it all taken from the rest of us and given to HIM!
Provide facts to your ignorant rant please. And Obama wants to financially destroy America, and weaken it's military power. So now what?
What party holds the most Attorney's? You bet your a##! That is the party that is out to figure out how to take your money! Sucker!!! Keep drinking the Cult juice! When Obamacare kicks in, I hope you have a second job to pay for the roof over your head! Don't think so? LMFAO Get ready!