Barack Obama's Money Trail

(By Bill O'Reilly; BillOReilly.com) - Just when we thought the socialism accusations against the Obama administration were subsiding, the president himself reignites the debate. Speaking in Illinois about his vision to reform Wall Street excess, Mr. Obama put forth: "I do think at a certain point you've made enough money. But part of the American way is you can keep on making it if you're providing a good product or... service."

The tone of the "enough money" comment is interesting because it reflects a core liberal belief—that affluence should be controlled by the federal government, primarily through high taxation of the wealthy. Certainly, Barack Obama has embraced that philosophy. He freely admits he supports the redistribution of income in America—that is, taking assets from the rich and recycling them to the not-so-rich through entitlements like subsidized health care.

Conservative capitalists, of course, fume at intruding upon income and profits. They want the free marketplace to roar, believing wealth and prosperity will "trickle down" to regular folks. President Reagan was the poster guy for that theory.