In rest of '98 clip, Obama speaks of 'competition' and 'the marketplace'

[highplainsdem]

Source: NBC News

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.

-snip-


Read more: http://firstread.nbcnews.com/_news/2012/09/19/13971913-in-rest-of-98-clip-obama-speaks-of-competition-and-the-marketplace

[timlot]

1. Wow talk about Mittens Shooting first Aim later

Very interesting. This should get a little life on the news cycle tomorrow.

[eggplant]

2. In 2008, this would have been par for the course (as R ads go)

But now it just sounds whiny.

[MrModerate]

3. Seems like the 'Licans have mastered only one strategy for when you're caught in a lie . . .

Lie harder!

This has worked fairly well over the last few election cycles, but it seems to me that its use-by date has expired.

[VWolf]

6. LOL Made me think of Bruce Willis

Lie Hard II: Lie Harder

Soon to be followed by
Lie Hard With a Vengeance
(although I think that's already come out)

[MrModerate]

11. Nope, the "Vengeance" screening isn't until November 7. n/t

[DLine]

4. Deceptive editing by the GOP..

I for one am shocked.

[VWolf]

5. So, one the one hand,

we have a guy saying all softs of awful things, claiming they were taken out of context, and then proven wrong when the entire video is released.

And on the other hand, we have a guy saying something reasonable, that WAS taken out of context, and that comment is made even MORE reasonable when the entire video is released.

False equivalency, much?

[JTFrog]

7. k&DUrec

[yellowcanine]

8. No one gives a crap what Obama said in 1998 as a state senator.

The fact that Mitt would jump on this shows how desperate he is to change the subject. It will not work. Obama is the President. He has a record which is relevant. What he said in 1998 as a state senator is not.

[sinkingfeeling]

9. Let's make ads about what Mittwit said 14 years ago. Wasn't he a liberal back then?

[Blanks]

10. The $13 billion profit that the banks made...

When the FED loaned them $7.7 trillion immediately comes to mind.

We need to catch money like that at the spigot and redistribute it.