For the Record: Obama Lies Again!

SEE HERE Misrepresenting Ronald Reagan is a cottage industry among the liberal-progressive left. It's downright laughable when Obama attempts to cite Reagan as support for his desire to increase taxes. Let's just put the record straight shall we:

---

For the record, Ronald Reagan agreed to close tax “loopholes” in 1982 because Congressional Democrats at the time promised to cut $3 in spending for every $1 in revenue increases (sound familiar?). But to no surprise, Democrats reneged on their deal, and spending went up. The President later regretted the arrangement because the cuts never materialized. SURPRISE SURPRISE! That's because Democrats are Liars!

Now that liberals have discovered a newfound appreciation for the Gipper, how about a recap of what his presidency embodied.

In case they forgot, America experienced the greatest upward mobility known to man when Reagan slashed high tax rates and minimized onerous business regulations. In a nutshell, the country generated more wealth from 1980 to 2007 than in all previous years combined, as noted economist Art Laffer points out, after Reagan’s policies were enacted.

But liberals don’t care about the truth. They would rather create entitled brats who are hooked on government, not hooked on phonics.

If Democrats are in the mood, however, to quote the Great Communicator, let me suggest Obama and his pals mull over this one: “Government does not solve problems, it subsidizes them.”