Found on FOX.com, the "tape" offers a great deal to consider, but for very different reasons.

#1 Although the link invites the reader to "watch the tape", there is nothing to watch - being merely an audio clip.

#2 This audio clip is edited audio, excerpted audio, and interpretive video, where text of the talk is rephrased for video summary. Summaries are left for the use of Republican bias.

#3 The audio clip is a 7 year old excerpt from a discussion of the Constitution in light of the Civil Rights Movement given by Obama who is introduced as a Law Professor at a local university.

#4 The audio clip is not about taxation at all. It is about the past redistributive change as related to the Civil Rights Movement and the previous actions of the Supreme Court on the matter.

#5 Obama's core point is that the Civil Rights Movement left things undone for the minorities of this nation. He said, because the US Constitution speaks to the rights that cannot be abridged - it is not through the courts where true change can be made, only where protection can be found - positive change is found through the people (legislation).

#6 If you want to properly interpret the tape in relation to taxation, it is IMPORTANT to understand that taxation is a complex tool used to redistribute wealth. During the past eight years it has taken disproportionately from the middle class and given it to the upper class. Specifically, over the past eight years, we have had a continuation of Reagan's "trickle down" taxation which may have been prosperous for the middle class during the Reagan years, but certainly not during the Bush years. But applying it to the deregulated Bush policies during a weakening economy spelled doom for today. Now with McCain on the scene, he only wishes to keep the Bush promises to the top 5% of the country where most of America's fortune is located. McCain, as you know, wants to continue to give those folks a break at the expense, once more, of the rest of us. There is nothing sinister in this. Trouble was coming and few were manning (womaning?) the watchtower. Now that the wall has been breached, Mccain offers little meaningful change to eliminate the greed and rebuild those walls.

When Obama speaks of spreading the change around, spreading the power around, the Republicans are eager to codify his speech to mean spread everybody's wealth around.

There are many agencies within the federal and state governments that redistribute wealth. Just ask my brother who as a successful attorney is driven to backruptcy due to contested divorce. Just ask anyone who has been terminated from employment for wrongful reason and do not have the means to hire proper counsel to represent his or her interests....etc....etc.

This nation is "of the people, by the people, and for the people". The people, the great bulk of them a dwindling middle class, deserve more than a "trickle" of possibility. Over time, the cumulative strength of the middle class has been redistibuted to the already wealthy. This was just as true for the minorities of this nation back when Obama was speaking at that radio station as a student of the law.