Apple, Microsoft and Johnson's company, Pacur LLC, were all founded in the 1970s during the administrations of former Presidents Gerald Ford and Jimmy Carter.

The Wisconsin Republican continued by insisting that he would have to see cuts to Obama's health care reform law, Medicare and Social Security before he would even consider raising tax rates on the rich.

"The other problem that is holding our economy back is the explosion of regulations," he added. "And I don't see that we're going to reform these agencies -- the way that you reform them is there you actually cut their budgets because that will force them to focus on the most important parts of the economy to have effective regulations. So, I'd go after the agencies, I would put structural reform to save -- and that's the important point -- to save Social Security and Medicare. And we've got to address this health care law because it is a disaster."

"This is Fantasy Land," Shrum shot back. "It's like saying Ronald Reagan invented the Apple iPad. It's crazy. Obamacare is not going to be on the table."

"Here's the bottom line: President Obama, show us your plan," Johnson concluded.

"He gave you a plan," Shrum quipped. "And his plan is not to repeal Obamacare. Not going to happen. You lost the election, buddy."