| | President Reagan campaigned and governed based on all the conservative principles: less government, lower taxes, less regulation, more morality, and a strong national defense (particularly against the communists). Every year of his presidency had a major achievement, so much so that bumper stickers afterward were entitled, "Eight Great Years" in reference to his Administration. President Reagan was the only person who became ''more'' conservative the longer he was in power. | | President Reagan campaigned and governed based on all the conservative principles: less government, lower taxes, less regulation, more morality, and a strong national defense (particularly against the communists). Every year of his presidency had a major achievement, so much so that bumper stickers afterward were entitled, "Eight Great Years" in reference to his Administration. President Reagan was the only person who became ''more'' conservative the longer he was in power. |
| − | His nicknames was the "Great Communicator" for his ability to connect with the American people, particularly through television. An internet poll selected Reagan as the greatest American president ever, to the dismay of those conducting the survey (who expected someone like Lincoln to win). Yet, like Lincoln, President Reagan was also one of the most ridiculed or despised presidents in history. | + | His nickname was the "Great Communicator" for his ability to connect with the American people, particularly through television. An internet poll selected Reagan as the greatest American president ever, to the dismay of those conducting the survey (who expected someone like Lincoln to win). Yet, like Lincoln, President Reagan was also one of the most ridiculed or despised presidents in history. |
| | Reagan was inaugurated on Jan. 20, 1981. On that very same day, Iran released unharmed all of our hostages that it had held in retaliation against Jimmy Carter's support of the Shah of Iran. Reagan immediately went to work in enacting the conservative agenda. Within one month, on Feb. 18th, Reagan proposed the biggest tax and spending cuts in history. Reagan adhered to "supply-side economics," a new theory advanced by Arthur Laffer that cutting taxes would actually increase government revenue. He drew a curve on the back of a napkin in a restaurant one night to explain his theory: as taxes approach 100%, government revenue decreases towards zero because people lose reason to work (all their income is taken by the government). By cutting taxes, we can actually increase revenue. Most established economists laughed at this theory, sarcastically calling it "Reaganomics". But it worked and led to record-breaking prosperity, and increased government revenue. | | Reagan was inaugurated on Jan. 20, 1981. On that very same day, Iran released unharmed all of our hostages that it had held in retaliation against Jimmy Carter's support of the Shah of Iran. Reagan immediately went to work in enacting the conservative agenda. Within one month, on Feb. 18th, Reagan proposed the biggest tax and spending cuts in history. Reagan adhered to "supply-side economics," a new theory advanced by Arthur Laffer that cutting taxes would actually increase government revenue. He drew a curve on the back of a napkin in a restaurant one night to explain his theory: as taxes approach 100%, government revenue decreases towards zero because people lose reason to work (all their income is taken by the government). By cutting taxes, we can actually increase revenue. Most established economists laughed at this theory, sarcastically calling it "Reaganomics". But it worked and led to record-breaking prosperity, and increased government revenue. |