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Essay about Ronald Reagan

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Ronald Reagan was one of the most influential presidents in American history; yet he is one of the least talked about in present day history books. President Reagan was not an Ivy League rich-kid or raised in a politically motivated family. He was a midwestern boy who played football and worked his way through college. President Reagan had visions for the future of this country. Reagan realized he wanted to lead the country during his time working in California, in the Screen Actor's Guild. He was bothered by the spread of communism in Hollywood. He took over the Presidency in 1980 after four years of the most awful leadership this country has ever had. Just as he swore in his campaign, he lowered taxes, got control of oil prices and …show more content…

Alternative proposals were defeated in both the House and the Senate. Many people in Washington, liberal and conservative realized they were not playing with the do nothing idiot they had preconceived. In author Ronnie Dugger's book, critical of Reagan, it was said, "no ordinary person could have achieved what Reagan has". Reagan's school of thought was to combine two basic theories, the monetarist and supply side. Monetarists believe in taking money out of the economy and making it worth more, where supply side is to lower taxes and free up more buying power. In 1981 taxes would be reduced twenty-five percent, which in turn freed up buying power. Reagan's belief that higher tax forces people invest money in tax shelters instead of the economy was the backbone of his campaign. This was later called "Reaganomics". This concept of buying power in the 1980s has left historians to say it was a time of greed and arrogance. It was "a golden age for financial wheeling and dealing,"(Krugman 23). The guilty feeling left looks at the decade as a time of the rich get richer and wealth run ramped as journalist Haynes Johnson said "Acquisition and flaunting of wealth been celebrated so publicly by so many". (Johnson 194) Many of the intellect in Washington and every university in the country look back and criticize the coming out of the crisis that was enforced, if not shaped, by

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