In a newly-discovered video, Barack Obama, at a 1998 conference at Loyola University in Chicago, said he believed in “redistribution” to “make sure that everybody’s got a shot.”

Obama said the “notion government action can be effective” needed to be resuscitated and conceded that the failures of the Chicago Housing Authority and the Chicago public school system made people less inclined to have faith in government.

“The trick… is figuring out how do we structure government systems that pool resources and, hence, facilitate some redistribution, because I actually believe in redistribution, at least at a certain level, to make sure that everybody’s got a shot,” Obama said.


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