Well, the Romney Campaign struck back hard yesterday, as the Obama Campaign and their lackeys, the MSM, tried to land crippling blows to Mitt, because of his “47%” Speech from May.

FoxNews has the story:

A newly released audio recording purports to feature a young Barack Obama saying he believes in government “redistribution” — a comment that Mitt Romney quickly seized on to claim his opponent thinks “the government should take from some to give to the others.”

The tape, posted on YouTube, was a throwback to the web video that emerged in 2008 showing Obama telling “Joe the Plumber” he wants to “spread the wealth around.”

This recording purportedly was from a 1998 conference at Loyola University. In it, the young Obama tells the audience he believes there has been “a propaganda campaign against the possibility of government action and its efficacy.”

“I think that what we’re going to have to do is somehow resuscitate the notion that government action can be effective at all,” Obama says. “I think the trick is figuring out how do we structure government systems that pool resources and hence facilitate some redistribution — because I actually believe in redistribution, at least at a certain level to make sure that everybody’s got a shot.”

The broader context of the talk is unclear. But Romney, who on Tuesday faced criticism about some of his own comments in a secretly recorded video, pointed to the Obama recording in arguing that he and his opponent have sharply different views on government.

Romney said there’s a “great divide” in the country.

“I know some believe the government should take from some to give to the others,” he told Fox News. “I think the president makes it clear in the tape that was released today that that’s what he believes. I think that’s an entirely foreign concept.”

Romney, for his part, has endured a wave of criticism from Democrats over a video showing him speaking at a private fundraiser back in May. In the video, Romney could be heard saying the 47 percent of people who don’t pay federal income tax “believe they are victims” and will support Obama “no matter what.”

Romney defended his comments in the interview with Fox News on Tuesday — and then cited the Obama recording to underscore his point that he and the president come at the job with two entirely different philosophies.

“Frankly, we have two very different views about America,” Romney said. “The president’s view is one of a larger government. There’s a tape that just came out today (with) the president saying he likes redistribution. I disagree.

“I think a society based upon a government-centered nation where government plays a larger and larger role, redistributes money, that’s the wrong course for America. … The right course for America is to create growth, create wealth.”

Republican Party Chairman Reince Priebus also flagged the YouTube link on his Twitter account, with the comment: “TELLING !”

The Obama campaign has not responded to a request for comment. But Obama hit back at Romney during a taping of the “Late Show” with David Letterman, disputing that Americans who aren’t required to pay federal income taxes are “victims” and taking issue with Romney’s comment that he didn’t have to worry about those voters.

“My expectation is that if you want to be president, you have to work for everyone, not just for some,” Obama said.

Uh huh. That would be just fine and dandy, Scooter,  if the “everyone” you were talking about, were Americans.

However, your socio-economic philosophy, from the getgo, has been out of touch with mainstream America. Remember what you said in 2008 to Joe the Plumber?

Here’s a report from ABC News, from October 2008 to help you remember, Mr. President:

Outside Toledo, Ohio, on Sunday, Sen. Barack Obama, D-Ill., was approached by plumber Joe Wurzelbacher, a big, bald man with a goatee who asked Obama if he believes in the American dream.

“I’m getting ready to buy a company that makes 250 to 280 thousand dollars a year,” Wurzelbacher said. “Your new tax plan is going to tax me more, isn’t it?”

Obama said, “First off, you would get a 50% tax credit so you’d get a tax cut for your healthcare costs….. if your revenue is above 250 – then from 250 down, your taxes are going to stay the same. It is true that from 250 up – from 250 – 300 or so, so for that additional amount, you’d go from 36 to 39%, which is what it was under Bill Clinton. And the reason why we’re doing that is because 95% of small businesses make less than 250. So what I want to do is give them a tax cut. I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut. And so what we’re doing is, we are saying that folks who make more than 250 that that marginal amount above 250 – they’re gonna be taxed at a 39 instead of a 36% rate.”

Responded Wurzelbacher, “the reason I ask you about the American dream, I mean I’ve worked hard. I’m a plumber. I work 10-12 hours a day and I’m buying this company and I’m going to continue working that way. I’m getting taxed more and more while fulfilling the American dream.”

“Well,” said Obama, “here’s a way of thinking about it. How long have been a plumber?”

Wurzelbacher said 15 years.

Obama says, “Over the last 15 years, when you weren’t making 250, you would have been given a tax cut from me, so you’d actually have more money, which means you would have saved more, which means you would have gotten to the point where you could build your small business quicker than under the current tax code. So there are two ways of looking at it – I mean one way of looking at it is, now that you’ve become more successful through hard work – you don’t want to be taxed as much.”

“Exactly,” Wurzelbacher said.

Obama continued, “But another way of looking at it is 95% of folks who are making less than 250, they may be working hard too, but they’re being taxed at a higher rate than they would be under mine. So what I’m doing is, put yourself back 10 years ago when you were only making whatever, 60 or 70. Under my tax plan you would be keeping more of your paycheck, you’d be paying lower taxes, which means you would have saved…Now look, nobody likes high taxes.”

“No,” said Wurzelbacher.

“Of course not,” said Obama. “But what’s happened is that we end up – we’ve cut taxes a lot for folks like me who make a lot more than 250. We haven’t given a break to folks who make less, and as a consequence, the average wage and income for ordinary folks, the vast majority of Americans, has actually gone down over the last eight years. So all I want to do is – I’ve got a tax cut. The only thing that changes, is I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well – even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts. Now, I respect the disagreement. I just want you to be clear – it’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.”

Looking back on the country’s reaction yesterday, Romney’s speech is not costing Romney anything. In fact, in a CNBC poll yesterday, 75% of those who responded, agreed with Mitt.

As far as Obama’s wish to “share the wealth” , we’ve all heard that political philosophy before:

From each according to his abilities to each according to his needs

Karl Marx