The Blog

A Brief Economic Lesson For Barack Obama

5:06 PM, Oct 31, 2008 • By MARY KATHARINE HAM
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

Here is Obama, speaking in Missouri yesterday:

It's not change when he (McCain) wants to give $200 billion to the biggest corporation or $4 billion to the oil companies when today, Exxon-Mobil announced that it had made the greatest profits of any corporation in the history of the world: $14 billion in one quarter. That's all your money. You are -- you are paying it at the gas station. That's not change when John McCain comes up with a tax plan that doesn't give a penny of relief to more than 100 million middle-class Americans.

Barack, once a person gives his money freely in a voluntary exchange of currency for a commodity, that money does not belong to him anymore. It's not surprising that the Prince of Redistribution does not understand this concept, but it is surprising that he openly talks about it, even in reddish states he'd like to win.