How can I not quote our President when he offers commentary this sharp? The President spoke Wednesday in favor of the "Buffett Rule," a policy to ensure that rich folks pay a proportion of their income in taxes similar to what us middle-class folks pay:
Some years ago, one of my predecessors traveled across the country pushing for the same concept. He gave a speech where he talked about a letter he had received from a wealthy executive who paid lower tax rates than his secretary, and wanted to come to Washington and tell Congress why that was wrong. So this president gave another speech where he said it was "crazy"â€”that's a quoteâ€”that certain tax loopholes make it possible for multimillionaires to pay nothing, while a bus driver was paying 10 percent of his salary. That wild-eyed, socialist, tax-hiking class warrior was Ronald Reagan.
He thought that, in America, the wealthiest should pay their fair share, and he said so. I know that position might disqualify him from the Republican primaries these days, but what Ronald Reagan was calling for then is the same thing that we're calling for now: a return to basic fairness and responsibility; everybody doing their part. And 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 [President Barack Hussein Obama, quoted in Oliver Knox, "Obama on Reagan: "A Wild-Eyed, Socialist, Tax-Hiking Class Warrior," Yahoo News: The Ticket, 2012.04.11].
The Reagan Rule: perhaps I should be nervous about a general election turning into whether the Republican or the Democrat can act more like Reagan. But I rather like the idea of Barack Hussein Obama telling 15%-tax Willard Mitt Romney that on substantive issues, he and his party aren't following their movie-star icon at all. Bring it on, Barack!