 Ronald
Reagan  
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Ronald Reagan...Retired!
Ronald Wilson Reagan (February 6, 1911 –June 5, 2004) was the 40th President of the United States
(1981–1989) and the 33rd Governor of California
(1967–1975). At age 69 he was the oldest person elected
president. Before entering politics, Reagan was a motion picture actor,
head of the Screen Actors Guild, a television actor, and a motivational
speaker. His speaking style, which was widely regarded as
well-delivered and persuasive, earned Reagan the accolade "The Great
Communicator" from the media.
Reagan defeated incumbent President Jimmy Carter to win the election of
1980, carrying along the first Republican-controlled U.S. Senate in 26
years. His economic policy of supply-side economics, popularly known as
"Reaganomics", is noted for a 25% cut in the income tax, reduction in
inflation, reduction in interest rates, increased military spending,
increased deficits and national debt, a temporary solution to the
Social Security issue, elimination of loopholes in the tax code,
continued deregulation of business, a sharp recession in 1981-1982
followed by a very robust economic expansion starting in '82. In other
domestic issues he failed in his efforts to significantly change social
policies such as welfare and abortion during his presidency, but he did
move the federal judiciary to the right through appointments to the
Supreme Court and other federal courts. From beginning to end he
emphasized his skepticism concerning the ability of the federal
government to remedy problems, particularly economic ones. His solution
was to withdraw government involvement in planning and control by
reducing taxation and regulation in order to allow the putative
self-correcting mechanism of the free market to assert itself. He said
on his day of inauguration, "government is not the solution to our
problem; government is the problem."
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