Bloomberg Magazine Cover Labels Reagan a ‘Socialist’

“Socialism only works in two places: Heaven where they don’t need it and hell where they already have it.” – President Ronald Reagan

Bloomberg Insider has released one of the most asinine magazine covers and cover stories I’ve ever seen. Their cover calls President Ronald Reagan a “socialist,” agreeing with President Obama’s assessment that President Reagan was a “wild-eyed socialist, tax-hiking, class warrior.” (Here’s my article refuting those remarks)

Bloomberg is equally desperate for readers as they are for facts.

Only one president in the last 100 years who is arguable more conservative than Ronald Reagan is Calvin Coolidge–who cut taxes from more than 70 percent to 25 percent and slashed government spending.

Still, questioning President Reagan’s conservative credentials is almost comedic.

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?



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