Obama in 1998: 'I Actually Believe in Redistribution' of Wealth

This audio is reportedly from a 1998 conference at Loyola University. The then Illinois state Senator said clearly that he believes in the redistribution of wealth.

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Democrats, go ahead and explain this one. Show your work, and factor into your work the fact that Obama said nearly the same thing to Joe the Plumber in 2008.

Update 3:06 central: Romney just mentioned this video on Cavuto.

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