Mike Whitney: "Obama's Little Red Book: Is redistribution really all that bad?" : Information Clearing House

[excerpt] "... Neither McCain nor his media pals mention how the nation's wealth has already been "redistributed" via unfunded tax cuts for the rich, gluttonous $634 billion Pentagon budgets, or trillion dollar bailouts for Wall Street sharpies. That's why the national debt has skyrocketed to $11.3 trillion and the country is on the brink of default. It has nothing to do with the proposed extension of unemployment benefits for the victims of the financial crisis or the prospect of $300 billion in additional stimulus to revive the moribund economy. The Bush administration would never hand out stimulus checks unless it had a gun to its head. ..." Read the rest at: Information Clearing House