The Unsustainable Legacy of Reaganomics

BARRETT, GAMBLING wrrH HISTORY: RONALD REAGAN IN THE WHITE HOUSE 67 (1983). ... revolutionary impact of the Reagan economic program, needs to be specified. Forty-two years ago, Ronald Reagan launched America into a great social, economic, and political experiment. The 1980s economic policies put in place by President Ronald Reagan are referred to as Reaganomics. This prioritized raising military spending, lowering taxes, ... In January 1981 Ronald Reagan took office as President after defeating the incumbent Jimmy Carter the previous November ... economy of overburdensome ... Reagan's policies stressed conservative economic values, starting with his implementation of supply-side economic policies, dubbed as "Reaganomics" It lead to destroyed businesses, families and lives. Later in the 1980s the reaganoids endorsed the conversion and looting of pension funds. Reagan's approval ratings dropped as deficits increased, interest rates rose as high as 20 percent, unemployment reached 10 percent, even higher for minorities, ... The nation's fiscal pictured changed in 1981 when President Ronald Reagan enacted the largest tax cut in U.S. history,9 reducing revenues by the ... Both President Herbert Hoover's stimulus efforts during the Great Depression and President Ronald Reagan's use of income tax cuts were described as “trickle- ... Reagan's economic policies highlighted his long-standing dislike of high federal income taxes. Reagan embraced the theory of "supply side economics," feeling ...