Not really. Obama's policies are a lot more like Clinton than either Bush (the closest thing to "right-wing presidents" on either side of 20 years ago) -- including doing some of the things the right-wing opposed Clinton's efforts to do or move toward (both domestically, like Health Care Reform, and in foreign policy, like normalizing relations with Cuba.)

> If Reagan or Eisenhower were running they today would be considered extremist left wing communists far too liberal to ever be elected.

Well, modern Republicans might see a candidate with their views that way, though Reagan was pretty significantly to the right of Obama, who manifestly is not "far too liberal to ever be elected".