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Ronald Reagan

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Ronald Reagan...Retired!

Ronald Reagan Bobble head

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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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