CNN's Erin Burnett tackles "redistribution," the latest 14-letter word attack against President Barack Obama by Republicans and the Romney campaign. In a 1998 audio tape, the then-Illinois State Senator said he "believed in some redistribution, at least at a certain level to make sure that everybody's got a shot."
Mitt Romney seized on the opportunity to drive home that Obama wants to take wealth from the rich and redistribute it to the poor.
"The president's view is one of larger government," Romney said to Fox News on Tuesday. "There's a tape that came out today where the president's saying he likes redistribution. I disagree. I think a society based upon a government centered nation where government plays a larger and larger role, redistributes money, that's the wrong course for America, that will not build a stronger America, or help people out of poverty."
Do the 'redistribution' attacks add up? Burnett takes a look at both Obama and Romney tax plans to see if they're both guilty of redistribution.
OutFront tonight: Stephen Moore of the Wall Street Journal and John McCormack of The Weekly Standard.
Romney, Republicans hit back with Obama 'redistribution' tape
After withstanding searing criticism from both rivals and fellow Republicans on secretly recorded remarks Romney made at a fundraiser in May, his campaign is mounting a counter-offensive with a recording they hope will go viral as well: then-Illinois state Senator Barack Obama speaking favorably of "redistribution."
The audio clip first surfaced Tuesday, as Democrats were seizing upon their own video of Romney speaking at a private fundraiser in Florida. That event was held in May.