The video isn't working. Less important, that was 2008, not 2004. Further, it'd be wonderful if you could supply actual quotes, not your paraphrasing.
EDIT: Nevermind. A few minutes of my own google work pulled up a bit from the 2008 campaign that passed around the right-wing echo chamber on August 24 of this year.
Here's Media Matters' article on the video.
The full text of the portion of the speech which includes the word you've mentioned, which is almost impossible to find unedited on any of the RW sites I looked through before finding it on MM, follows:
While the RW types ignore the fact that Obama took office with a $1.2T deficit, (and the fact that the GOP has continued, successfully, to maintain every dollar of the Bush tax cuts,) it seems to me you've really missed the point. This is what you equate to Gingrich calling a sensible comment on a difficult foreign policy issue "the most dangerous speech ever made by an American president"? This is what you equate to Perry's ad referring to "Obama's war on religion"?
Sounds to me like a shallow and simplistic false equivalency.