The summaries that pop up in the video are wildly inaccurate. Obama isn’t lamenting that the courts didn’t do anything, or saying that they should. He’s merely commenting on traditional jurisprudence and saying that change is more effective coming from traditional political means, not through court decisions. Isn’t being against an “activist judiciary” something conservatives like McCain traditionally agree with?

Paulson just GAVE mortgage co. PNC $7.7 Billion to do mortgage modifications whithout requiring that ANY mortgages acually BE modified. Talk about wealth redistribution. By the way, did you know that bancruptcy judges already have the power to modify the repayment terms of second, vacation, and investment homes (and luxury boat loans), just no power for primary residence nodifications. It is not socialism to have the same “perks” apply to all folk. The elites already see the “bottom up” help on the way in the new administration, versus the current “top down” approach of Paulson. http://seekingalpha.com/article/101965-hedge-funds-threaten-to-block-mortgage-modifications

In this interview, Obama is not referring to the redistribution of wealth, but the redistribution of the locus of power in African-American communities from historically white dominated power structures (banks, institutions, etc. - the oligarchy) back to the excluded individuals. It’s disheartening to see that when people attack his comments as “socialist,” they’re not only incorrectly interpreting what he said, but working to undermine the freedom of whole communities by attacking their rights to equal access and constitutionally protected freedoms that have been denied to them because of bigotry and greed.