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Out as one Republican on its side in the jobs bill fight.
In theory some of those loopholes -- understandable but in practice sometimes made it possible.
To -- all the bluster which pay 10% is -- There's been a clip blown around -- on television.
Talking about this.
Radical guy who made the simple point that a bus drivers shouldn't be -- lower tax rates than a million.
And and best -- browser.
Was named Ronald Reagan so the next time you hear one of those Republican -- congress accusing you.
Of class warfare.
You don't still -- Obama -- it.
My next guest says they're taking President Reagan out of context I'll say and he would know he's Michael Reagan and he's with us he's rumbling sound effect OK Mike -- -- listen.
Unbelievable the big -- what would -- givers say -- you heard mr.
Obama using his name like that.
Will there he goes again.
That's exactly what do we would have set I completely out of context Ronald Reagan was lowering taxes.
The American people that's what he was doing yes closing loopholes but he also understood -- one thing that -- lowered taxes.
-- in fact people would pay their fair share instead tried to hide their money in all these other little areas where they.
Would hide their money he understood that why.
Because what he was an actor he was -- 90%.
Of the money was making to the federal government thanked god for John F.
Kennedy who lowered his taxes down to 70%.
And let me tell you we have a sound -- -- -- from this morning's press conference -- -- -- I heard I was just I'm a huge Ronald Reagan republic I love.
Everything your father stood for but listen to somebody especially the second half of -- take -- listen.
And any business in America can price their products anyway they want.
That's -- the free market works.
As long as.
There's transparency and accountability.
And consumers understand what they're getting and there are going to be instances where a policy judgment has made that you know what they're certain practices but just aren't there.
One of some he was right he started out right the free market banks and price what they will -- -- pricing to -- and people go customers will go somewhere else.
He was right that is the premarket and then he said.
A policy judgment will be made and that's where your father of disagreement right.
-- no good a policy judgment was made.
To force banks to give loans who were not -- -- loans to people who -- in fact.
Making enough money to pay for the houses they were in fact -- you know to this day here.
The federal government.
Has not ever taken responsibility for the part they play.
In what all is going on in America today.
With the housing market and what have they are blamed everybody else and that's to what Barack Obama does he blames George Bush.
He blames and says Ronald Reagan used the excuse now we should use to raise your taxes.
I think this -- never takes responsibility.
And congress and the government have never taken responsibility.
For Fannie Mae Freddie Mac and what -- -- they always create the problem.
And it's up to the private sector to try and -- -- when they in fact throw the wrench into everything.
Mike we only -- about twenty seconds so thirty seconds doing -- there -- so many liberal outlets that are say quoting your father saying you know this that the other thing he that he actually raise taxes.
Set the record straight.
Was he -- higher taxes or lower taxes and when infected -- Yeah he was for lower taxes and -- the tax -- -- should became -- the United States working with Tip O'Neill and the congress the United States.
Created jobs across the breath of his administration all the way into the ninety's into the 2000.
Now we're raising taxes and we're finding out what that.
Government can't create jobs and until this president is gone no industry is going to start hiring people again class warfare right.
And and Ronald Reagan the April was was nowhere near the class warfare games that are going on from the White House right now.
No he was not he was for freedom for everybody no matter what area you came from from the lowest to the highest and during his administration.
Everybody -- everybody -- every economic level.
Game do you want the water rose and all the boats rose with that.
And I will tell you this under a little tired of everybody quoting Ronald Reagan I would like to see Democrats and Republicans.
Instead telling -- what they believe.
America -- to do to put this back to work Ronald Reagan was a great president let's find the leader now who can give us the vision.
For the future that we can get behind Michael Reagan thank you very much.
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