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AUDIO: 1998 Recording Captures Obama Embracing 'Redistribution'

One day after a secret video of Mitt Romney made waves, an audio recording of President Obama from Oct. 1998 has surfaced.

In the clip, then-State Senator Obama says, "I actually believe in redistribution. At least at a certain level to make sure that everybody's got a shot."

Mitt Romney hit back at the president last night in a speech in Dallas, saying his belief is that the government should not "take from some to give to the others," but allow people to pursue their dreams by fostering free enterprise.

Obama campaign spokeswoman Jen Psaki has issued the following response:

"The Romney campaign is so desperate to change the subject that they've gone back to the failed playbook co-authored by Sarah Palin and Joe the Plumber. Fourteen years ago, then-Senator Obama was making an argument for a more efficient, more effective government - specifically citing city government agencies that he didn't think were working effectively. He believed then, and believes now, that there are steps we can take to promote opportunity and ensure that all Americans have a fair shot if they work hard. Unlike Governor Romney, he doesn't believe that if you're a student who applies for a loan you're looking for a handout."

Romney was criticized Tuesday after a video recording from a few months ago showed him telling supporters that "47 percent of Americans believe that they are victims" and are going to vote for President Obama.



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