Is Obama an Extremist bent on re-writing the Constituion or is Palin just confusing facts with garbage?

Sarah Palin accused Obama today of wanting to "re-write the Constitution." The potential VP attacked Obama's remark that he had made to a radio interview in 2001. Obama had stated on air that he wanted to "redistribute change." Palin assumed that Obama was talking about redistributing the wealth in America through the enforcement of the Supreme Court. but as more facts were revealed, it came to be known that Obama was discussing the courts in the context of the civil rights movement, and was not referring to taxes. In addition to the proper context of the qoute, Obama also stated that he thought that civil rights leaders shouldn't rely on the court system alone to affect social changes, and that calling for any redistribution of wealth belonged to the legislators.

Palin continued to say that a vote for Obama is a vote to allow a powerful, slightly executive portion of the government to sieze your property and your personal income and to distribute the wealth around with everyone else. Is Sarah Palin saying that a former constitutional law professor would allow and possibly encourage judges to "confiscate your property and your hard, all of your hard-earned money and then re-distribute that"? Further investigation of the matter showed that Obama's quote was taken out of context and that much of what Palin had said was a conjecture.