The Reagan Revolution Lasting Impacts on the U.S. Economy

Max Boot. September 6, 2024. U.S. President Ronald Reagan addressing a news conference in Washington, D.C., October, 1983 Mal Langsdon / Reuters. Ronald Wilson Reagan, the 40th President of the United States, remains a towering figure in American political history. America's 40th president, Ronald Wilson Reagan, died 14 years ago today after a long battle with Alzheimer's disease. In the depths of the 1981-1982 recession, Americans were far more displeased with their president and his policies than were their ... "For years, Government spending and taxation have grown faster than the underlying economy," the President said. "The American people elected us ... In addition to reviving the economy and reducing the size of the federal government, Ronald Reagan also wished to restore American stature in the world. A onetime movie star and president of the Screen Actor's Guild (1947–1952), Reagan was originally a Democrat but turned to the Republican Party ... It was Ronald Reagan's happiness, his optimism, his enjoyment of life and his undying belief in the inherent goodness and spirit of the American people that got ... His commitment to restore morality to the White House and US foreign policy, along with his campaign pledge to never lie to the American people, ... Reagan calls for “New Federalism” in his State of the Union address, advocating less federal spending and more state initiative to solve social and economic ...