He's right, especially about the supposed "tax cut for 95% of Americans." As the Wall Street Journal has pointed out, what that means is that approximately 63 million Americans who pay no tax would nevertheless get a check from the federal government.
That is, of course, "spreading the wealth around" -- and how.
Barack can act appalled that John McCain has called his policies socialist, but in all fairness, it's remarkable how enthusiastic the Communist Party of the USA is about his candidacy. Here's part of the CPUSA's newspaper's editoral about Obama's candidacy, titled "Eyes on the Prize":
A broad multiclass, multiracial movement is converging around Obama’s “Hope, change and unity” campaign because they see in it the thrilling opportunity to end 30 years of ultra-right rule and move our nation forward with a broadly progressive agenda.
The editorial also insists that, "The struggle to defeat the ultra-right and turn our country on a positive path will not end with Obama’s election. But that step will shift the ground for successful struggles going forward."
So if John McCain is so off-base about Barack's policies, what are America's Communists so excited about?