Posted on 04/11/2012 10:40:14 AM PDT by Nachum
President Barack Obama said the White House proposed “Buffet Rule” could be named the “Reagan Rule,” referring to former Republican President Ronald Reagan as a “wild-eyed, Socialist, tax hiking class warrior.”
“This President gave another speech where he said it was ‘crazy’ — that’s a quote — that certain tax loopholes make it possible for multimillionaires to pay nothing, while a bus driver was paying 10 percent of his salary,” Obama said at the Eisenhower Executive Office Building Wednesday. “That wild-eyed, socialist, tax-hiking class warrior was Ronald Reagan.”
Obama floated the idea of renaming the “Buffet Rule,” which would require individuals making over $1 million annually to pay at least 30 percent in federal income taxes.
“If it’ll help convince folks in Congress to make the right choice, we could call it the ‘Reagan Rule’ instead of the ‘Buffett Rule,’” Obama said.
(Excerpt) Read more at dailycaller.com ...
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How dare he.
First Jesus, now Reagan. Does this man have no shame!
FUBO!
He needs to be put in his place.
If a 30% overall AMT-like rule applied to all of the income of anyone earning over $1 million, there would be situations where the marginal rate on the last few hundred thousand would be astronomically, consfiscatorially high. I haven’t heard anyone mention this.
It would be very discouraging—a big hurdle and disincentive in trying to get from reasonably comfortable to wealthy. No one talks much about the cumulative effect of nicks like phaseouts of deductions, inelegibility for tuition programs, and the like in terms of the net marginal rate.
He`s a VERY desperate little man and desperate people will do desperate dangerous things.
The messiah has lurched into the demagogic propaganda that mirrors Hugo Chavez and Karl Marx to a T
obama as Community Organizer..pit one group against another another group.
obama as President of the United States .. pit one group against another group.
Neither shame nor class.
He is desperate thin LITTLE MAN
Compare Reagan to socialist for the record Mr President he gave Cali voters A REBATE after cutting taxes
Even his own people said we never done that before he told his people you never have actor in Sac-Town before
Ronald Reagan studied economics and sociology at Eureka College. He understood the effect of higher taxes.
Supply side economics was nothing new to Reagan. Obama is a political fool to incite class warfare. He’ll find himself in a deep hole.
“It should be known that at the beginning of a dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments. “
‘Abd-ar-Rah.mân Abû Zayd ibn Khaldûn (1332-1406), The Muqaddimah, An Introduction to History, Franz Rosenthal translation, abridged and edited by N.J. Dawood, Bollingen Series, Princeton University Press, 1967, p.230, quoted by Ronald Reagan [note].
That makes me so mad I could chew nails. Obama isn’t fit to wash Reagan’s jock strap. What a low-down scumbag commie POS he is. Eat Sh!t Obama...it’s borderline BLASPHEMY that you dare utter Reagan’s name. Seriously, GO EFF YOURSELF.
Mr. Obama was right to compare his administration to those of FDR and LBJ: Like them, he has driven the U.S. miles down the road toward the social democratic model he so admires. Then again, neither of his predecessors had such visible evidence of where social democracy ultimately leads. What’s this president’s excuse?”
Bret Stephens, “2012: A U.S. Referendum on Europe,” The Wall Street Journal, Tuesday, January 3, 2012
I think he is desperate to whip up his base.
Some days with his comments are just down right strange. I just have to shake my head and laugh at this one, because otherwise I would just go insane.
So know your role boy, sit down, shut up, and quit.
Truer words were never spoken.
Since humor is the best way to both deflect one's mind from the insanity and "pop" The Won's gonfalon bubble of hubris, the first thing that came to mind when I saw the title of this thread was
"Barack's a Wild-Eyed, Socialist,
Tax-Hiking Class Warrior …"
(to the tune of "One-Eyed, One-Horned, Flying Purple People Eater" — that might not have been as 'jump-off-the-page obvious' to some of our younger Freepers.)
And here I thought Biden was the biggest bat sh@t crazy liar. Never underestimate a Kenyan communist.
Sorry I ever doubted you, Obama.
WH is in full, outright LIE MODE.
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