Ronald Regan's Failures

Ronald Reagan, President of the United States from 1981 through 1989, created economic policies throughout his presidency that aimed to pull the United States out of a recession. His policies, called Reaganomics, reduced government spending and reduced tax rates in order to foster economic growth. Reagan also appointed many conservative judges to the Supreme Court and federal courts in order to shift ideologies to the right. Because of this, Reagan was both underrated and overrated as a president.

The country was billions of dollars in debt. Lowering the government's income by lowering taxes would only make this worse. But Reagan believed that lower taxes would help the economy. With a stronger economy, people and businesses would make more money. These increased profits would mean more taxes would be paid because the extra money would be taxed. The economic program Reagan implemented during his presidency became known as Reaganomics. This approach to healing the economy focused on low taxes, fewer and cheaper government programs, and high military spending. Reaganomics was intended to keep inflation down. The president believed his program was the best way to rebuild America's failing economy. (Benson 79)

Reagan really focused on improving the economy during his presidency, with a plan he called Reaganomics, or supply side economics. The main parts of this plan were cuts on taxes and budgets, and monetary policy. Also, he wanted to reduce government regulation on businesses. He thought that these and increasing defense expenditures would heighten economic efficiency. Reagan managed to cut taxes by twenty five percent in three years. However, the plans did not work out at first, causing a recession that some call “The Great Inflation.” The national debt heightened substantially, and the rate of unemployment reached up to eleven percent. Despite these negative outcomes, the economy experienced a sudden growth and prosperity in 1983, which was

Jimmy Carter, the 39th president, was a very simple and relatable man from Plains, Georgia. His ideals appealed to the Southern democrats. Washington was in chaos after the resignation of Nixon and the citizens of America were tiered of the government’s drama. This is what made Carter so popular in the 1976 election. Carter appealed to America because he was an outsider to Washington. He also wanted to comply with what the people wanted for America; “Carter sought to portray himself as a man of the people” (“Jimmy Carter”, 2009). He used the Watergate scandal to his advantage. He promised America he would always be honest with them: “I’ll never tell a lie”. (“Jimmy Carter”, 2009). This seemed to win over America for the moment because he won

Conte & Karr (2001) report the economic growth of the 1980’s in the United States sees President Regan cutting taxes and slashing social programs. President Reagan also

Although he was a generally controversial president, Ronald Reagan’s policy decisions to stimulate economic prosperity, known as Reaganomics, were legitimately beneficial to the United States of America. First, in order to substantiate the success of Reagan’s economic policy decisions one must first grasp the varying levels of importance for each aspect of his plan. As Reagan’s policies were substantial decisions that defined his presidency and alienated an entire population of more economically liberal people, it makes sense that an understanding of his emphasis on certain decisions would lead to a more persuasive argument. Next, the negation of well formed and logical criticisms of Reagan’s economic policies also lend to the support of their benefits and success. Acknowledging a sensible counterargument and addressing specific points of critical analysis serves to further enhance the argument for the success of Reagan’s decisions. Furthermore, strong economic growth and the curbing of federal domestic power reinforce the accomplishments of Reaganomics. Though the U.S. did see economic growth, Reaganomics was not purely an economic plan, as cuts in government power, not including the military, benefitted the average American citizen. Moreover, Ronald Reagan’s economic decisions regarding Soviet foreign policy were also extremely beneficial to the United States. The tough decisions to further the national deficit proved a worthy sacrifice in pressuring the collapse

Only about 2 months after Reagan was inaugurated, he was shot and was lightly wounded. During and after his recovery, Reagan gained great public support. Reagan used this support to help pass his Economic Tax Recovery Act, and in 1986, Congress passed the Tax Reform Act. The two passed acts dropped income tax rates nearly in half of what they were before Reagan was president.

Ronald Reagan is to this date the oldest serving president, and the effects of his presidency have affected not only the United States of America but most of the world as well. The consensus among historians is that Ronald Reagan left a lasting legacy that was a great one in numerous ways. His Reaganomics improved America’s economy greatly, and secured its future economic prosperity. He also fought communism head on and was able to end it in most parts of the world, but more importantly in Soviet Russia. However, in doing so he got wrapped up in the Iran-Contra Affair, which will forever be tied to his name in a negative regard. Within America, Reagan was able to improve society such as his success in curbing the use of illegal drugs.

They elected Ronald Reagan in 1980 who had a controversial plan for fixing the U.S. economy, later dubbed “Reaganomics.”

President Ronald Reagan, the man who is accredited with ended the forty six year cold war was elected on Nov. 4, 1980. Reagan won his election with fifty percent of the popular vote over former President Jimmy Carter who had forty one percent. While Reagan as a president is praised for such successes as strengthening the national defense, stimulating growth in the U.S. economically, and as mentioned before he is considered the President who ended the Cold War. President Reagan had achieved many things by the end of his administration, but just as he had many successes his presidency was plagued with shortcomings and a handful of what could be considered flat out failures. The purpose of this writing is to establish and identify the ‘cons’ or failures of the Reagan administration, and provide a brief description of each different aspect of the administration.

There has been alot of war, love and peace rallies, there is gay pride, trying to get the drug to pass in all states some states passed for marijuna and trying to keep the world peace with other countries instead of fighting with them. A lot of people thought Reagan was an idiot because he did not care for anything else but his own thing that he strongly believes. From what I have heard people talk about Reagan and how good he was and there was some cons about him in some ways. Reagan was the leader of the american conservation and he did succeeded in moving the nation into the right terms in the right way. He also lowered the taxes to see if it would help the solution. The reform offered the women in middle class to have the first opportunity

Reagan revolution has developed over time and it continues to resonate today. Reagan inherited an economy that was ailing and characterized by high unemployment rate, budget deficits, and a small trade surplus. Reagan engaged in major tax cuts and also increased armament-spending factors that contributed to the turnaround of America’s economic situation. This turnaround significantly contributed to the current shape of the economy. However, Reagan’s economic policies of tax cuts, monetarism, retrenchment, and budget deficits have had several negative

Ronald Reagan one of the most famous republican presidents of modern history shaped American politics heavily. In 1981, he worked with congress to reduce the top tax rate from seventy percent to fifty percent and lowered the overall marginal tax rate by twenty three percent. In 1986 he helped pass the Tax Reform Act, which lowered the top income tax to twenty eight percent. He also implemented trickle down economics and was anti labor unions. He also ended the Cold War with increase in defense spending, which led the US and the USSR into an arms race then the USSR going bankrupt. He also led the Nuclear Freeze Movement which was trying to abolish nuclear weapons. Reagan was the first president to appoint a female Supreme Court justice, Sandra Day O'Connor.

In 1981, Reagan signed the Economic Recovery Tax Act, which reduced marginal taxes for every individual by 25 percent (History). Marginal tax is a tax on the additional income of an individual (Investopedia). In 1986, Reagan initiated another tax policy that would close loopholes within the tax system and reduce taxes even more (Feulner). The Tax Reform Act of 1986 reduced the tax rate of the middle class by 15 percent and the wealthy’s by 28 percent (Feulner). Both the 1981 and 1986 tax policies reduced the tax rate of high-income earners from 70 to 28 percent (History). Reagan’s massive tax cut did not seem to disrupt tax revenue since it increased from “$500 billion to $1 trillion by the end of the 1980s” (Feulner). All in all, Reagan pushed a tax agenda that called for a significant tax reduction, and the economy improved as a

He believed that a tax cut would stimulate the economy and help balance the budget. Reagan had the uncanny ability to project what he wanted and he trusted people to do it. Sometimes that backfired on him but for the most part, it stood firm. The “Power of Persuasion” was something that learned how to do well from his acting career (Reagan, n.d.).