ANOTHER GOP NARRATIVE COLLAPSES

Remember when the GOPers were calling Obama a socialist or Marxist? Well, Newt Gingrich now thinks Obama is like Saint Reagan! Crooks & Liars has the video clip and here's the relevant part of the transcript.

From FACE THE NATION, Nov. 16, 2008:

SCHIEFFER: So what he is saying, and I think you agree, people voted against incompetence,not against ideology.
Mr. GINGRICH: I think that's right. And if you look at the...
Gov. JINDAL: Well, I...
Mr. GINGRICH: ...senator--let me just say for a second, Bobby--if you look at Senator Obama'scampaign...
Gov. JINDAL: Sure.
Mr. GINGRICH: ...he's promising a middle-class tax cut. That was a Reaganite position.

In fact, it's a Kennedy position from the early 60s:

Second, the distribution of Kennedy tax cut was dramatically different from the proposed Bush tax cut. According to estimates of the Kennedy tax cut that the Joint Committee on Internal Revenue Taxation made at the time, the bottom 40 percent of the income distribution received 18 percent of the personal income tax cut from the 1964 act, and the bottom 85 percent received 59 percent of the tax cut. The top 2.4 percent of the income distribution received 17.4 percent of the tax cut, and the top 0.4 percent of the income distribution received six percent of it. By contrast, under the proposed Bush personal income tax reductions, the bottom 40 percent of the income distribution would receive only six percent of the tax cuts, and the bottom 80 percent of the distribution would secure 38 percent of the tax reductions. At the other end of the income spectrum, the top one percent of the distribution would receive 31 percent of the personal income tax cuts.*