"If you've got a plumbing business, you're gonna be better off if you've got a whole bunch of customers who can afford to hire you, and right now everybody's so pinched that business is bad for everybody and I think when you spread the wealth around, it's good for everybody."

That seems pretty self evidently true. What Obama was talking about there was a tax cut. Reducing taxes so that people have more money to spend is a pretty good idea. There are limits on how far it can be done, because you have to have money to do things that need doing, but in principle it's a good idea to have that money spread out for people to use.

The sleight of hand is the suggestion that under Obama's proposals somehow ordinary hard working people with relatively modest earnings are going to be ripped off to pay for people who don't deserve it. And that just isn't true, from all I've read and seen.