Well NBC searched high an low for context on the 1998 Loyola Redistribution tape, but evidently didn’t go deep enough. The Daily Caller did.

“The Daily Caller has obtained a complete audio recording of the October 19, 1998 Loyola College forum on community organizing and policymaking during which a future President Barack Obama said he favored the government redistribution of wealth. The audio demonstrates the context of that remark and reveals other far-left positions that Obama held as a state senator.

Those positions encompass issues as wide-ranging as gun control, universal health care and welfare reform. Obama also said he viewed welfare recipients and “the working poor” as “a majority coalition” that could be mobilized to help advance progressive policies and elect their champions.”

The Daily Caller has obtained a complete audio recording of the October 19, 1998 Loyola College forum on community organizing and policymaking during which a future President Barack Obama said he favored the government redistribution of wealth. The audio demonstrates the context of that remark and reveals other far-left positions that Obama held as a state senator.

Those positions encompass issues as wide-ranging as gun control, universal health care and welfare reform. Obama also said he viewed welfare recipients and “the working poor” as “a majority coalition” that could be mobilized to help advance progressive policies and elect their champions.

““I think that what we’re gonna have to do is somehow resuscitate the notion that government action can be effective at all,” he told an audience that reportedly consisted of some 400 people. “There has been a systematic — I don’t think it’s too strong to call it a propaganda campaign — against the possibility of government action and its efficacy,” he said.

“And I think some of it has been deserved. The Chicago Housing Authority has not been a model of good policymaking. And neither, necessarily, has been the Chicago public schools.”

“What that means, then is that as we try to resuscitate this notion that we’re all in this thing together — ‘leave nobody behind’ — we do have to be innovative in thinking.’What are the delivery systems that are actually effective and meet people where they live?’” he said.

It was at this point that Obama launched into his now-famous line about constructing government systems that redistribute wealth.

The full recording reveals that Obama saw welfare recipients and the working poor in Chicago as a “majority coalition” who could be leveraged politically.”

Listen to the audio at the link.

But there are tons of things here to dissect and go over and no doubt the Romney campaign will be using it to full effect. This is worse than just having a passing fancy with redistributive ideas, this is full on board socialism. As I told you before throughout his life he has surrounded himself with likeminded progressives/socialist. There is no denial of this, you are known by the company you keep.