But really, that’s just code language for more taxes and redistribution of wealth.
“Now, ultimately, it’s going to be up to the voters -to you – which path we should take,” Obama said during the debate. “Are we going to double down on the top-down economic policies that helped to get us into this mess? Or do we embrace a new economic patriotism that says America does best when the middle class does best? ”
GOP candidate Mitt Romney, who spoke second in the debate, used the term to promote his plan for economic recovery, which was probably not what Obama was hoping for.
Obama first started using the phrase “economic patriotism” about two weeks ago at a Virginia rally in order to label his efforts to revive the middle class.
But what he really means by “patriotism” is government controlled redistribution of wealth from the rich to the poor and heavy tax rates in order to pay for the largest increase in social programming that the United States has ever seen.
Sounds really patriotic, doesn’t it.
But then again, saying “redistribution of wealth” won’t really fly with the voters so it’s no wonder he found a nice label for his plan.
This post has been updated to include Obama’s full quote. You know how he feels about context. . .