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Republicans own the ACT of redistribution of wealth. From bad GOP ideas and laws, they created the banking/ financial crisis beginning 2007, the result was the Bush Tarp Act to nationalize the banks and stop a banking collapse.

$1.2 Trillion was redistributed from working class Main Street and given to wealthy Wall Street. In effect, nationalizing the banks, another "socialist" act.

Obama does agree in BELIEF that redistribution is needed, but Republicans have actually DONE it.