Obama wants to 'share the wealth' with the world

Peter Schweizer:

Barack Obama doesn't simply want to "spread the wealth around" here in America: He's on record as favoring redistribution on a global scale.

As the Democrat explained last year in Foreign Affairs, he thinks we need to be "sharing more of our riches to help those in need" around the world and promised to double American foreign assistance. He also proposed a multibillion-dollar Global Education Fund to eliminate what he calls the "global education deficit."

Obama has already acted on these beliefs. In the Senate, he co-sponsored the Global Poverty Act, which calls on the US to allocate 7/10ths of 1 percent of our GNP to foreign aid and debt relief. (That's $845 billion more than we're now set to spend over the next 13 years.)

When Joe the Plumber explained that he wanted to buy a plumbing business and that high taxes would complicate his plans, Obama explained that the government needed to balance the scales. "I just want to make sure that everybody who is behind you, that they've got a chance for success too. My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody . . . I think when you spread the wealth around, it's good for everybody."

When it comes to global economics Obama has a similar suspicion of business and profit as a source of wealth creation. In his Foreign Affairs essay, he speaks quite a bit about the need for government aid to balance the scales - but little about trade as a source for lifting the developing world out of poverty.

...

Do you help people by giving them a fish or teaching them to fish? That is the real question that Obama overlooks with his share the wealth mentality. In fact a great deal of wealth has been poured down the economic sink hole of poor countries and it has been squandered in corruption and waste. Obama is asking for more of the same. What we need to do is create an environment of trade with these people. That is something that Obama and his labor thug friends oppose.

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