Ed Rollins: Obama Is Opposite of Reagan on US Growth Policy

Monday, 28 Jul 2014 07:23 PM

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President Barack Obama's belief in the redistribution of wealth flies in the face of former President Ronald Reagan's credo that incentives for profit are needed for the country to grow, veteran Republican consultant Ed Rollins says.

"[Obama] clearly believes in a . . . kind of a Robin Hood strategy to take from the rich and give to the poor,'' Rollins, national campaign director for Reagan-Bush '84, said Monday on "The Steve Malzberg Show" on Newsmax TV.

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"But I'll tell you a story. I asked Ronald Reagan one time . . . where did he come up with his tax policy and he said, 'When I was making movies, tax rate was 90 percent, and at the end of the day I wasn't a star, the stars were the John Waynes.'

"[The tax rate] was 90 percent over $100,000. So, they would make one single movie and then they wouldn't make a second movie, they basically said that 'I'm not going to work for 9 cents on the dollar.' And when they didn't work, no one else worked.''

Rollins said Reagan realized that without incentives, the movie industry would shut down.

Rollins says Obama's hint that he'll use an executive order to give amnesty to illegal immigrants flies in the face of the Constitution.

"The Congress makes the laws, the president implements the laws. Doesn't say anywhere about the president making laws himself if he didn't basically like what the Congress was doing, and that's clearly where it is today,'' Rollins said.

"Our forefathers had great wisdom when they developed the Constitution for checks and balances. This president right now is unchecked.''


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