Bloomberg Magazine Calls Reagan a Socialist

This is disgusting. Bloomberg Insider is trying to re-write history by calling former President Ronald Reagan a socialist.  Here’s the cover.

 

If Reagan was a socialist then President Obama is a staunch conservative.

CNS News laid to waste the ridiculous claim.

The Left and the media demonized President Reagan as “radical” and “dangerous” while he was in office. Now, in this article, President Reagan is a “reluctant warrior” with “willingness to compromise”–implying that President Reagan would not fit in today’s Conservative Movement.

The Bloomberg article implies that President Reagan was a tax-hiker and believed in wealth redistribution.

Does this guy sound like a socialist to you?

·         In President Ronald Reagan’s inaugural address he said: “All of us together, in and out of government, must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price.”

·         On August 13, 1981, President Reagan signed the biggest tax cut in American history-a 25 percent cut for all Americans.

·         By the end of his presidency, the top income tax rate fell from 70 percent to 28 percent.

·         In the same speech President Obama and Bloomberg referenced, President Reagan said: “Lower, flatter tax rates will give Americans more confidence in the future…It’ll mean if you work overtime or get a raise or a promotion or if you have a small business and are able to turn a profit, more of that extra income will end up where it belongs — in your wallets, not in Uncle Sam’s pockets.”

Read the whole thing.

The left is becoming more desperate by the minute. For another example of how desperate and absolutely disgusting they are, check out what they did after Mia Love made her national debut at the RNC. These people are rotten to the core.