Obama's Pretzel Logic by Peter Schiff

Obama's Pretzel Logic by Peter Schiff: The unfortunate part for the President is that wealth must first be produced before it can be redistributed. But redistribution always creates disincentives that result in less wealth being created. All societies that have attempted to create wealth through redistribution have failed miserably. This should be obvious to anyone who spends more than a few minutes studying world economic history. But the President is on a mission to get reelected and his ace in the hole is to fan the flames of class warfare. It's a tried and true political strategy, and he looks ready to ride that hobby horse until it breaks.