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Obama Quips: Reagan Was a ‘Wild-Eyed, Socialist, Tax-Hiking Class Warrior’

Apr. 11, 2012 2:03pm Benny Johnson

President Obama made a startling exclamation Wednesday at the Eisenhower Executive Office Building by suggesting that his new Buffett rule — increased taxes for the highest income earners — was the same “concept” as what Ronald Reagan would have “called for.” He also went on to jokingly call the conservative hero a “wild-eyed socialist.”

The President made the comparison while asking Congress to approve the Buffett rule, a law that would increase taxes on millions of what he calls the “wealthiest” Americans. At the Press Conference, he was flanked by a small group of millionaires and their assistants, who were lobbying to pay their “fair share.”

“I’m not the first president to call for this idea that everyone has to do their fair share,” the president noted. Quoting one Reagan speech, Obama insisted the 40th President would consider our tax loopholes today “crazy.”

“He thought that in America the wealthiest should pay their fair share and he said so,” Obama assured.

He then went on to call the Reagan “That wild eyed, socialist, tax-hiking, class warrior” in a sarcastic reference to some of the titles that Obama himself has accumulated.

Obama also mused that Reagan would not have been accepted in today’s Republican Party.

“That position might disqualify him from the Republican primaries these days, but what Ronald Reagan was calling for then is the same thing we’re calling for — a return to basic fairness and responsibility.”

The President ended his comparison, “If it will help convince folks in Congress to make the right choice, we could call it the Reagan rule instead of the Buffett rule.”

Seconds before his comparison to Reagan, Obama noted “Wealth in America has never just trickled down.” An odd statement, as Reagan and his economics team were champions of trickledown economics.

You can see the entire speech via Politico:

The comparison is equally confounding when you consider President Reagan’s historic tax reform:

“Obama’s assertion that the 40th president would back his tax plan comes just days before the Senate prepares for a vote next week on the Buffett rule, which famously takes its name from billionaire investor Warren Buffett,” Politico reports.

By the way, Politico notes the “millionaires and their assistant’s” who joined Obama on stage:

Abigail Disney, President of the Daphne Foundation

Celine Justice, Assistant to Abigail Disney

Whitney Tilson, Managing Partner of T2 Partners LLC

Kelli Alires, Assistant to Whitney Tilson

Frank Jernigan, Google Retiree

Teresa Gardiner, Assistant to Frank Jernigan

Lawrence Benenson, Partner of Benenson Capital

Carmen Peterson, Assistant to Lawrence Benenson

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Comments (209)

markinhawaii
Posted on April 15, 2012 at 10:08pm
I hope Nancy Reagan hauls off and kicks him so hard right in the balls, He has a brain aneurism.
If that happens Mrs Reagan, I will pay for your bail and your defense attorney. I know she has more class in her little finger first joint than Obama does in his whole body, but I’d sure like to see it.

I think for the first time in my adult life I’m embarrassed to be a American.

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TheAnswerIs42
Posted on April 15, 2012 at 6:09pm
Not even going to address Obama’s comments, because we all know they are lies, and not even good ones.

However, if all of these millionaires think they need to pay more, there is nothing stopping them. Leave the tax laws alone (or better yet, chuck them all out the window) and let them send in a check for more if they wish. Nothing is stopping them from doing that. There is no law that says you cannot pay more than what your tax return says you have to.

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Jim in Houston
Posted on April 13, 2012 at 10:20am
I think little Barry failed the spelling test when the word was DELUSIONAL!!

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FearlessInfedel62
Posted on April 13, 2012 at 3:48am
Could you emagin an obama REAGAN debate….The calm, unflinching reason of DUTCH compared to the sophic socialist offal that obama spews from his trecherous lips!!!!!! The PRIDE I use to feel when AMERICA had a COMMANDER IN CHIEF and not a [commander in thief] at the helm of our GREAT COUNTRY.
LADY LIBERTY HAD A SMILE THEN!!!!!!!!!

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drenfroe
Posted on April 13, 2012 at 2:04am
Twist and distort. If they can make Jesus black and muslim then Obama can be Regan.

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drenfroe
Posted on April 13, 2012 at 1:47am
Twist and distort.

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deadend
Posted on April 12, 2012 at 8:15pm
I know hate is a strong word and I know the good lord does not want us to hate but it is really hard not to hate obummer . Every other work I think about that man when he worps what Reagan says is profane.

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Couyon64
Posted on April 12, 2012 at 5:27pm
Reagan wouldn’t piss on odumaz if he were on fire.

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Paul
Posted on April 12, 2012 at 4:29pm
Class, Honor, Respect, Compassion , Dignity , God Loving, Country Loving , Intelligent, Well Accomplished, Decent Family Man and President of The United Sates. (POTUS.)

VS

classless , despicable, absolute no regard for anyone ,indignant ,God provoking , country hating , cunning , community organizer , bi married half breed communist and an enemy of The United States of America. (POS.)

FRAUD.

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- FearlessInfedel62
  Posted on April 13, 2012 at 3:51am
  As RUSH would say:” Right on,Right on,Right on”!!!
  
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seenandheard
Posted on April 12, 2012 at 1:37pm
Right now I just want to say all kinds of nasty, foul, offensive things about Obama, but then I would be stooping to his level of low morals and character of which he has neither. Reagan was and still is the greatest President since Abraham Lincoln!

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thibx
Posted on April 12, 2012 at 12:43pm
o boma you will never be ronald regan. regan had a brain. i don’t want anything the rich have, some of them worked very hard for their money often working everday for years. i just want them to create a job for people who need one. they don’t owe anybody anything. oboma wants it to waste or give it to somebody who does not deserve it. 2012 NO OBOMA i am so sick of this president.

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G-WHIZ
Posted on April 12, 2012 at 12:15pm
The majority in both houses of OUR USA, during the REGAN adm., were [Wild-eyed,Socialist,tax-hiking,class-warfarists….Comunistic-DEMOCRATS. As a sorry-result, Mr.R. could NOT pass and sign most of the REAL-reforms needed to deleat the progressive agenda taking complete control and distruction of OUR country.

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Robert2078
Posted on April 12, 2012 at 10:42am
Another twisting and distorting of the facts about President Ronald Reagan by President Obama. The Only reason President Reagan ever increased taxes was because the Democrats promised to give him $2 in spending cuts for every $1 in increased taxes. The Democrats as usual deceived and lied to Reagan and never gave him the spending cuts they promised. It was one of the biggest regrets President Reagan had when looking back at his presidency. He had wished he’d never trusted the Democrats to hold up their end of the tax deal he had agreed to. Wake up people, Obama speaks with a forked tong.

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TTRR
Posted on April 12, 2012 at 10:19am
This man is such a snake oil salesman. His shtick lately has been taking peoples words and ideas out of context and twisting them around and muddling the truth, then regurgitating it to the masses as facts. There may be a snippet of truth in what he says, but the overall message gets reworked.
“we’re going to have to change our history” – I do believe I remember someone once said that.

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Future Hope
Posted on April 12, 2012 at 8:27am
OK, so this lumatic has finally lost his mind outright. Scary thing is that there is a group of people that will actually vote for him. That is if their not busy getting their welfare check or sneaking into the country.

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John the Doe
Posted on April 12, 2012 at 7:31am
Osama, Reagan would classify you as a pile of dog crap.

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schlepnier
Posted on April 12, 2012 at 5:58am
So by the math
35% federal tax rate on average for the “1%”
of the moeny they get to keep(not counting state and local taxes) and re-invest they get charged an additiional 15% federal tax on any income generated via investments.

35%+15%=45% base federal tax rate And thats somehow not a “fair share” when 47% of the country pay no effective taxes whie the rest pay on average 12%…….

Why doesn’t old warren, since he wants to pay more, start off by giving the IRS the ONE BILLION he owes in back corporate taxes instead of fighting it.

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StickToTheFacts
Posted on April 12, 2012 at 5:26am
It’s true that Regan started with a huge tax cut, but between that cut and his spending we ended up with a large deficit. As a result for 3 of the next 4 years we had the largest peace time tax increases in the history of our country. Check the facts not the hyperbole.

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georgepatton
Posted on April 12, 2012 at 4:46am
Obammy, you are an evil,lying P.O.S. who needed flushed yesterday!!!!!!!!!!!!!!!!!!!!!!!!!!!

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Concerned Green Beret
Posted on April 12, 2012 at 4:15am
Yeah, and Castro really is a capitalist!!

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SUPPLY_SIDE
Posted on April 12, 2012 at 2:51am
The Prez is obviously desperate with his claims.

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RamonPreston
Posted on April 12, 2012 at 1:34am
Do you want the scoop on Obama? Google: Barry Soetoro

This is the name he grew up with.

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Warm In The Desert
Posted on April 12, 2012 at 1:14am
Reagan’s beloved horse El Alamein had more class defecating hay, than the diminutive Kenyan does when opening a similar orifice.

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Git-R-Done
Posted on April 12, 2012 at 12:55am
Then how come Reagan lowered the top marginal income tax rate dramatically if he was a socialist tax hiking class warrior? LOL

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RamonPreston
Posted on April 12, 2012 at 12:46am
You will love this one! http://www.youtube.com/watch?v=8h0EdpvZ23s

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