Obama hits back on 'socialist' charge; McCain wants to redistribute wealth to the already wealthy

FAYETTEVILLE, North Carolina (CNN) – Barack Obama fired back against charges his tax policy amounts to “socialism,” arguing John McCain simply wants to redistribute wealth to the already wealthy.

“It’s kind of hard to figure how Warren Buffet endorsed me, Colin Powell endorses me, and John McCain thinks I’m embracing socialism,” Obama said. “This is his argument because I want to give a tax cut to the middle class, because I want to give a tax cut to 95 percent of American workers.”

The Democratic nominee also said that while McCain may call giving regular Americans a tax break “socialism,” he calls it an “opportunity.”

“Here’s the truth, North Carolina. This debate – and this election – comes down to what we value. In the America I know, we don’t just value wealth, we value the work and workers who create it,” he said. “He can call me any name he wants but what he’s talking about is not right, it’s not change, that’s why we’re going to beat him in this election on November 4th.”...
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