How Reaganomics Weakened the Foundation of the Economy

Forty-two years ago, Ronald Reagan launched America into a great social, economic, and political experiment. He got his tax overhaul and the top marginal tax rate plunged to 50%. By the time he left office in 1988 it was down to 28%. It has not gotten ... Reagan and his advisers, particularly Baker, made the economy their first priority from the outset. They were helped in this when Iran released the Americans ... Critics however call Reaganomics Voodoo economics because it was unclear if ... This all sounded great, but in reality did not truly work for a majority of ... Recent troubles in the American economy can be attributed to a weakening of business regulation in the public interest, which is, in large part, a consequence ... The Reagan administration slashed the priime interest rate by more than half, from an unprecedented 21.5% in January 1981 to 10% in August 1988. This ... The 1980s economic policies put in place by President Ronald Reagan are referred to as Reaganomics. This prioritized raising military spending, lowering taxes, ... It lead to destroyed businesses, families and lives. Later in the 1980s the reaganoids endorsed the conversion and looting of pension funds. The momentum generated in the late 1970s carried over into the Reagan Administration, thanks to a President who extolled the virtues of a free ... Reagan's policies stressed conservative economic values, starting with his implementation of supply-side economic policies, dubbed as "Reaganomics"