Now, he thinks he’s Reagan

Because, uh, you know, the whole “Obama-as-Lincoln” thing isn’t working out and the fear-mongering President Doom costume wasn’t exactly boosting consumer confidence.
Gipper, meet Flipper:
President Barack Obama won’t speak until prime-time, but his aides fanned out to the morning shows Tuesday morning to talk up his first speech before a joint session of Congress. And the word they used to preview it: “Reaganesque.”
“The president believes very clearly that we have to be honest with the American people about where we are,” White House Press Secretary Robert Gibbs said on MSNBC’s “Morning Joe.”
“He will,” Gibbs said, “tell the country that we’ve faced … greater challenges than the ones we face now, but we as Americans always meet those challenges. But in the Reaganesque words, there are always better days ahead.”
It was a full-on rollout, befitting a State-of-the-Union-style speech to Congress, at a moment of economic peril for the nation.
Pssst. President Obama: Leave the Nancy Reagan insults at home this time.
***
I feel a Sesame Street song coming on…
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- Hussein Obama’s ego continues. First he’s FDR, then he’s Abe Lincoln, now he’s Ronald Reagan? | Fire Andrea Mitchell!
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white: Wasn’t it Jimmy “the rabbit was attacking me” Carter who gave amnesty to the draft dodgers?
On February 24th, 2009 at 12:48 pm, rotarymunkey said:
What’s tonight’s drinking game? A swig every time he says “Change” again?
It’s not like we conservatives actually need a REASON to drink when Obambi’s on television…
—————————————
Thank heaven I didn’t take a swig every time he used the word “crisis”; I’d still be hung over . . .
Do you even understand what the laffer curve is saying?
You left off “noise” in your moniker.
AmericanPatriot#67
I hadn’t seen your link – thanks for posting. Good grief almighty, who raised these people that spew such vile hatred? Did they never read The Constitution or Bill of Rights? Somehow though, I’m thinking a lot of their ideas are going to be introduced as necessary to improve our social cohesion. Scary indeed.
Are saying Obama will not multiply deficits like Reagan ?
GaMidnightRider: Actually, the soldier is saying he cannot follow the orders of a Commander in Chief who is not qualified to be Commander in Chief (i.e., not a naturally born citizen).
If PBO meets the simple qualifications called for in Article II, Section 1:
Then he should simply make available his birth certificate with a raised seal such as is required to obtain a passport. After all, isn’t this “the MOST transparent” Administration ev-ah!
Sorry, Barry ain’t no Reagan, and Michelle ain’t no Jackie O.
Money can’t buy class.
white: Repeat after me, “Congress passes the budget, not the President. If the budget exceeds federal revenues, there is a deficit.”
Granted, Reagan signed those budgets, but he wanted to keep the country running.
With Pelosi, Reid and Obama in charge, the only thing running is our economy, but it’s only being run into the ground!
Are you saying he should not be held accountable for the budgets he signed ? Did he not have guts to fight the congress and stand for conservative principals ?
I do. It says that revenues increase with the tax rate, UP TO A POINT. Then further increases in the tax rate results in decreased revenue due to the negative effect on work, output and employment.
“Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.”
Only thing Odopey has in common with President Reagan is the stuff that came out of his horses rear end, then they’re identical twins.
He’s the anti-Reagan.
Oh, and I meant to say, we’re past that point. Reductions in the marginal tax rates result in INCREASED revenues, as illustrated by the above examples, and GWB’s tax cuts.
uhhh…. errr….ummm…..ahhhhh….errrr…
REALLY?? You really think so? Somehow, I just can’t envision the words “Honey, I forgot to duck,” or “I hope you’re all Republicans” coming out of PBHO’s mouth. And before any of our trolls have a fit, I’m not, in any way, suggesting any harm come to our president. I am, however, referring to RR’s amazing abililty to remain graceful and eloquent in the most extreme circumstances. Whereas PBHO cannot string a sentence together without stuttering unless there is a teleprompter in his face.
Then you support the largest tax cut in history that was included in the stimulus package?
Marginal rates went from what to what?
Does it really matter if it is a credit against current marginal rates, for example, or a direct reduction?
You mean the $13/week?
So everyone here OK with Reagan’s Amnesty of illegals ?
Some of the things Reagan did were great some not so great. If can not acknowledge both good and bad, then we are treating him like Messiah (sort of like libtards treat their own leaders)
Not sure where you get $13 per week. There is a $800 tax credit per family under one part of the tax cut. How many people here would like to knock $800 dollars off their tax bill this April 15 (or get an additional $800 return)?
And agian, that represents less than half of the tax cuts in the package.
I think the problem most of us have is with the Massive spending on non-stimulative patronage projects that is the bulk of the bill. There should have been MORE tax cuts!
Given the original plan, yes.
http://www.humanevents.com/article.php?id=18399
Only in Washington would increasing spending while decreasing income make sense.
Trying to do both is the worst possible scenario for our debt.
This is about political power and government control. If the “people” feel good about getting a little money back now, they won’t realize the size of the bill they will have to pay later.
I assume you’re bounding that by 2 years.
Aw, undreseige…are there some clowns cutting into your, um, territory?
Of course. The biggest 2 year tax cut.
And let’s not forget anyone making over $250K gets nothing, still gets screwed by the Alternative Minimum Tax, and the tax rates remain as they were (no cuts there). So the folks who pay the majority of income taxes in this country are still footing the bill…
And those that pay NO income taxes will get a welfare check.
What part of the original plan makes the amnesty of the illegals palatable to you ?
I don’t think so. I seem to recall that the budget is not law, and doesn’t require the President’s signature. What he did sign was omnibus appropriations bills that were sent to him at the last minute, and included spending for multiple agencies, some of which he felt he could not allow to be shut down by a confrontation with Congress. They pulled the same thing with Bush ‘41.
If this the cut I read about before, they aren’t cutting checks for $800, they’re adjusting withholding, which works out to about $13 a week.
The Marxist punk is unworthy to sweep up Ronaldus Magnus’ toenail clippings.
It wouldn’t be a Democratic plan if it didn’t include class warfare in a vain attempt to increase their constituency, right? Big Government can’t compete with Big Business, so they target the leadership.
So that’s what he meant by change. “Today, I’m going to change into my Lincoln outfit, tomorrow I’ll change into my Reagan outfit.”
Do you understand the difference between tax credits and tax cuts??? Clearly you don’t or you wouldn’t have called this the biggest tax “cut” in history.
So long as he avoids the Taft outfit.
Oops wrong thread, sorry.
I believe the biggest tax CUT was Reagan’s…top rate from 70% down to 28%…and that’s where it should’ve stayed.
It is a cut in the amount of taxes you owe. How hard is that to understand? Whether its done through a cut in the marginal rate, an increase in credits, acceleration in deductions, you end up owing less (i.e. a cut) in your taxes.
Well, if poor people vote 3-1 Democratic, then by making “rich” and middle class people poor, the will increase their base threefold while weakening their opponents.
/lgm
BAL,
That may have been the biggest cut in a particular tax rate. Not the same as the biggest cut in taxes.
He’d need a fat suit for that.
Another “history major”
Get your degree from a bumper sticker?
EVERY SINGLE BUDGET REAGAN PROPOSED WAS A BALANCED BUDGET. It’s you freaking back stabbing Democrats that ran up the budget by lying about spending cuts.
Reagan was too much of a humanitarian and a gentleman and realized that some people depend on government and wouldn’t veto a budget for purely partisan reasons (Like Bill Clinton) because that would diminish the stature of the office of the President (Like Jimmy Carter and Bill Clinton did)
That is true of only those who pay taxes.
The difference is that a tax CREDIT means if you pay no taxes, you get a handout. A real tax cut would not affect those already paying no taxes.
We saw last year how little handouts help. We saw in the early years of bush how much tax cuts help.
If you ask my opinion, obamas massive spending and small tax cuts are worse than doing nothing at all. The tax “cuts” he has put in place will do little more than buy a big mac happy meal for a couple each week and pay off his special intrest buddies.
Over 200 comments about the following over at HotAir:
I sincerely doubt that.
In any event, whatever tax cuts there might be in that bill, they will be dwarfed by the massive anti-business tax increases that are forthcoming.
All insults aside, the presidents dont have to sign any budget they dont like. A gentleman/humanitarian does not saddle future generations with debt. And if democrats lied to him and got away with it repeatedly, does he not share blame for trusting them ? What happened to trust but verify.
BTW not all critics of Reagan are democrats.
Thank you for taking the time to respond. I was going to explain to Chap that when I was a grad student, I had no trouble explaining not only what the Laffer curve was, but also it’s theoretic basis, and the empirical evidence showing it is true. Further, I challenged in every class I taught, whether engineering or business, if any student could show any of the material to be false, an automatic A, as well as recommendation to graduate school of their choice. Of course, I was teaching kids with reasoning abilities. Quite different than those who can not reason.
Yes it is, if you consider that they are still at least partially in effect, which means that the tax savings continues – as opposed to a one-time reduction in withholding in the current legislation.
That little tax cut represents a 10% reduction in the average person’s tax liability.($32,000 with effective rate of 12.6% and $400 credit).
People that work, but don’t pay income tax still pay payroll taxes.
Notice the mere mention of “Reaganesque” and stocks have gone up today?
The issue with the Laffer curve is not the theory itself, but 1) whether or not maximization of government revenues is the end of the question and 2) what exactly the ideal tax rate is for such maximization.
In few ways are the two alike… President Reagan’s mental loss can be attributed to a terrible wasting disease. Whereas Obie was born without a brain…
What is interesting to me is that he’s selecting Republican presidents to emulate.
What? No Carter sweaters? No Clinton cigars?
We know he’s off to a rocky start to attempt to emulate JFK’s “Camelot” administration.
Chap – how come the highest performers in our country get nothing? (my reading of the bill phases out every break above certain incomes).
Giving people who don’t pay taxes money in the form of a tax credit is not anything but a bribe.
Giving a very specific “tax break” to purchase a purple house but no “tax break” for someone who wants an airplane is just social engineering.
Please read the bill before you spout more nonsense about tax cuts.
Quite frankly, the bill is punitive to the most productive.
On February 24th, 2009 at 3:41 pm, sonofdy said:
Indeed. The Democratic Socialists have found a way to
“Spread the wealth” to people who pay no taxes,
and call it a “tax cut” at the same time.
Funny that you should mention burgers…
No, but they’re all liberals.
Do you get the feeling this administration is just … oh I don’t know… winging it.
More likely they’re reacting to Bernanke.
Maybe clueless is a better word. Yes that describes it
OK . By that logic all those who criticize amnesty are liberals. Makes sense ..
I wonder when he’s going to get to Nixon or Ford.
Exactly backwards.
I would argue you strike out on both of those questions. If maximization is not the end of the question, what is?
I don’t know what the exact number is for maximization of revenue – but I do know that the empirical evidence certainly supports the position that our present tax rates are past the maximization point.
Hey Usurper Obama!
Want to be “Reaganesque”?
Then say, believe, and act in accordance with this:
Are all critics of Bush also liberal ?
Please give white a break here. white is suffering from a cranial (you fill in the blank) inversion.
I said it was the biggest tax cut in history (subject to certain caveats). I am sure many here feel those cuts should be allocated differently. As many felt Bush’s cuts should have been aloocated differnetly.
Everyone who works (legally) pays payroll taxes. I will concede that there may be a miniscule percentage of people that get back in credits more than they pay in in payroll and income taxes.
Please. Our tax code is full of incentivizers. Would you call changes to the code that accelerate depreciation on newly purchased business equpment “social engineering”? What about a tax credit for each new employee a small business hires?
Bush was no conservative.
Nah. He’s going to comb his hair into a Pompadour and talk about “morning in America”. It doesn’t matter what he says. He’s a liar. Liars lie. It’s just what they do. Therefore, nothing he says is to be believed.
Thanks. You beat me to it.
I would guess a lot of people here would disagree with the notion that the government has the right to take as much revenue as it possibly can.
I would like to see the studies, controlled of course, to account for any other factors that affect revenue flow.
He didn’t mention him by name, but he has already had his “Ford” moment when he cracked his head on the helicopter!
I’m eager to see what the “biggest tax cut in history” does for the economy. It has to be a significant tax cut for the majority of the PRODUCERS in order to “stimulate” the economy. If this is what Obama is doing, then, in my estimation, he’s on the right track and will deserve credit for the ensuing pick up. If not, it’s just semantics in order to be able to say the phrase “tax cut.”
I would say that under ideal circumstances, optimization, not maximization, should be the goal. If there are surpluses, refund those back to the people or reduce the rate further.
However, with deficit spending, maximation is forced to be the goal.
Unless you are a Marxist who believes in “redistribution of wealth”, and then the goal becomes to rob from the rich to give to the poor. “Robin Hood” is really “Robbing Hoodlum”.
Correct.
I believe in tithing (that is, contributing 10% of my gross income to the local church) and giving on top of that.
I believe that the government, collectively in all forms (federal, state, and local) has no right to expect more money than that (10% of my gross income).
Salt – make that a cocky start rather than rocky. He prances, struts, tells his little funnies with chagrin, woos and smoozes with his audiance of whatever makeup. Then breaks into a scold and lecture – all the while telling them/us “I won” and “it’s the most serious situation we’ve seen since the depression.”
I’m a grown-up adult and don’t need to be lectured, pandered to, nor scolded. Act like the President of the United States of America. We needed a man of dignity and honor. We got an impersonator instead. He’s play acting, and thinks he just got the starring role.
And that would be why things will really get better in 2013 when President Jindal takes office.
He’s been practicing Taqiyya so long and so consistently that it is hard for him not to lie.
PKAmmoTroop said (#141):
That’s not what David Stockman says, and he was there writing those proposed budgets. He left the Reagan administration is disgust because Reagan was not serious about cutting spending. Reagan grew the government more than Carter or Clinton — but not as much as Bush, Jr.
I can’t argue with you there! The government should have a Constitutional budget that “provides for the common defense” and takes care of some infrastructure… and little else. Any revenue collections above that should be refunded to the People and the rates adjusted down accordingly. The ‘Commerce Clause’ has been twisted and stretched and mangled into something unrecognizable by our Founders.
The economy will rebound, if it can, not because of government spending but in spite of it. This exercise will only temporarily forstall the inevitable bankruptcies and adjustments and will leave us with massive debt and inflation. Stagflation is guaranteed. Economies can only prosper if they get shed of “secular progressive” governments.
Government spending provides no core foundational growth building in the body economic. Instead of a balanced meal provided by the broader marketplace, the government is force feeding the economy huge doses of high-frutose corn syrup via an enema bag. It is humiliating as well as toxic.
Ugh… Gag me with a soup ladle. There is no Reaganesque in BHO.
YES – I would. Both are social engineering. What is magic about a piece of business equipment? Why should it be taxed at all? What if it’s a piece of equipment that reduces labor content, should it be taxed differently than one that adds labor?
If a company is in need of hiring a person do you honestly think they won’t because they don’t have a tax credit? If they don’t need a person, will they hire one just because of a tax credit?
Yeesh! Gross (but apt) analogy.
I didn’t say the piece of equipment was taxed. I said the depreciation can be used to offset the company’s taxes.
It sounds as if you are saying that taxes play no role in business decisions. Not sure many would agree with you.
That is a complete lie there.
It is not government’s job to prevent recessions. Recessions are normal part of business cycle and goverment can not do anything to change that fact.
miniscule???
Really???
Are you clear on the point you’re trying to make? Are you for or against big government? Or will your point shift to cover whatever appears to be anti-Republican?
Assuming that you’ll hold static to this point, you do realize that Pres. Obama is on trajectory to leave all of these presidents in the dust with regards to government spend. Is that when you’ll declare victory?
http://www.mises.org/freemarket_detail.aspx?control=488
Anybody else get the impression from the photo that “The Prez” would rather be a cabaret act?
…and all that jazz….
Are you suggesting then that a company should be allowed to deduct the full cost in the year of acquisition? Or should companies not be allowed to deduct the equipment as part of their cost of making a product – that only the raw materials and labor are the costs?
Secondly – of course business takes into account tax effects all the time in their decisions. I’m simply suggesting that this tax proposal in fact makes America less productive – not more. If there is a business situation that requires more work – the business could hire a person to do it or buy a machine – the tax effect makes the person more cost effective to the company – but America as a whole is less productive. That is social engineering.
I am suggesting that tax policy can have consequences on whether or not companies buy new equipment, which would spur economic growth, or stick with old equipment.
I did not follow you on this paragraph.
Isn’t all “tax policy”, i.e., the decision to call certain things deductible and not others, and the decisions to accord tax credits for certain things, forms of social engineering?
When one thinks about it, isn’t the very existence of a tax deduction for mortgage interest, a huge form of social engineering?
You are partially correct. There were budgets with deficits as we set out to destroy the USSR. That was by design. That earned the peace dividend of the 90’s that Bill Clinton richly and unfairly took credit for, when we reduced the military back to pre-1980’s levels, because forces of that size were unneeded.
Reagan did not grow government during his term. The Democrat Congress grew the government for the most part over Reagan’s objections, which he virtually could not veto.
Jindahl or Palin with a Conservative Congress….. now you’re talkin’!