Annoyingly, googling for "Ph'nglui mglw'nafh Ronald Reagan" does not turn up the source of this.
Shouldn't "R'lyeh" be "C'thalif'rnia"?
Reminded me of the emailservice reagan.com "to stop the monopoly of 'left-wing' Internet companies". :-)
It took me at least three read throughs to spot ronnie.