When Wealth Redistribution Doesn’t Mean Wealth Redistribution
October 27th, 2008 by
draveed
For a long time we’ve only had hints at Barack Obama’s economic philosophy. During the primaries I heard a lot of hay made about his august economic advisors: former Fed Chairman Paul Volcker, economist Austan Goolsbee, and even some support from the Oracle of Omaha Warren Buffett. From those endorsements we were left to assume Obama had a very centrist, pro-growth attitude. I can’t recall him ever proclaiming that attitude though.
As it turns out there was good reason for the silence. Someone has dug up a recording from a Chicago talk radio show Obama was on in 2001 where his politics gave us the clearest glimpse of his economics yet. It doesn’t sound centrist and pro-growth to me. Listen to it first before reading what I think of it.
My summary: It seems that Obama is disappointed courts during the Civil Rights Movement of the 1950s through 1970s did not touch economic justice or redistribution of wealth, but he understands doing so would have created an administrative burden the judicial system could not have handled. Action through the legislative branch should have been pursued in that era to meet that redistributive goal, but civil rights leaders were just too focused on winning court cases. What we can take away from this interview is that Barack Obama believes, not only in the necessity of wealth redistribution, but also in a racially based standard to determine where this wealth is getting transferred. A colorblind socialism, which so far is what Obama has been accused of, would move wealth to those who have less. What Obama wanted to see happen in the Civil Rights Era was a program to move wealth from other races to blacks.
This goes well beyond the basic socialism that Obama has been charged with. It also shreds his “post-racial” identity. This is the radical welfare politics of an earlier generation.
Now I never imagined the mainstream media would give this story any attention whatsoever. To my surprise a friend sent me a link to the Boston Globe’s story on this. I was shocked to see they had the recording on their website! Could they actually be airing a real discussion of Obama’s economic beliefs? Alas no. This recording is damaging, and the mainstream media needs to step in and “correct” it. Lest we simple minded voters listen to this and think “redistribution of wealth” means “redistribution of wealth”, the media needs to tell us what it really means.
The Boston Globe quickly tried to nip any negative thoughts in the bud with this paragraph.
“The entire context of the interview isn’t clear, and the sentiment isn’t all that different from Martin Luther King Jr., who after the voting rights and other accomplishments of the 1960s civil rights movement moved toward greater emphasis on poverty and economic justice.”
I picked up two competing statements in there.
(1) “The entire context of the interview isn’t clear…” That whole four minute clip is somehow unclear. As if the entire four minutes was taken up by technical jargon us lay people couldn’t understand, even though that caller seemed to understand perfectly. I guess we have to assume there was some preface at the start of the interview were Obama explained “redistribution of wealth” really means “equal opportunity for all and a lowering of everyone’s marginal tax rates”.
(2) “…the sentiment isn’t all that different from Martin Luther King Jr…” So the Boston Globe is equating Obama’s 2001 statement with the work of Martin Luther King Jr. and by questioning it I am questioning MLK and the Civil Rights Movement. Therefore I’m a racist.
1 + 2 = You don’t understand what Obama meant, and if you question it you’re racist.
Obama’s campaign issued their own rebuttal to this recording that’s at least less insulting than the Boston Globe’s. They have a Harvard law professor claiming “redistribution of wealth” had a narrow legal definition confined to the social safety net; things like “education, legal filing fees, legal representation” and so on. So “redistribution of wealth” doesn’t mean “redistribution of wealth”.
I’m no legal eagle, but this smells like a load of crap. Wealth is not a word used to describe funding for education or legal aid. Redistributing wealth means moving money from one group to another. If you want to increase spending on social issues there are better phrases to use. You would talk about “leveling the playing field” or “ensuring equal opportunity”.
I really hope the undecided voters get to hear this recording and start asking more questions before casting a vote. There as been little debate about what Barack Obama really thinks and the mainstream media has been negligent in questioning him on it.
But just in case you think I’m seeing way too much racial conflict here, listen to this recording. It doesn’t seem like someone who’s going to bring us all together. Certainly is catchy though.
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