The most significant economic impact of Reaganomics was the tax cuts, both to personal and corporate income taxes and to the restructuring of the federal income tax brackets. Reaganomics, which was firmly rooted in increasing private capital, stimulated economic growth by offering investment incentives but only during the early years of the administration (Kiskanen). Moreover, deregulation "was clearly the lowest priority among the major elements of the Reagan economic program," (Niskanen).
Reaganomics overall did improve the economy on several indexes relative to the Carter administration. hen Reagan took office, unemployment was high and so was inflation. Both were lowered as a result of Reaganomics. However, the long-term implications of Reaganomics did not revitalize the economy as much as the adminstration predicted or claimed. In general, the cuts to government spending and the reductions in income tax rates remain the lasting legacies of Reaganomics.
orks Cited
Niskanen, illiam a. Reaganomics. The Concise Encyclopedia…...
In addition, the shifting of the tax burden to the working class had never been administered in such a large-scale way before.
Reaganomics achieved short-term gains, but was overall not a successful approach to the American economy. The emphasis on high defense spending and high foreign debt created an illusory effect. In more recent times, it has become apparent that the economy is now dependent of defense-oriented deficit spending, which unfortunately is not sustainable in the long run. In freeing up the oil supply, an opportunity was missed to reduce American dependence on a cheap and free-flowing oil. In doing so, Reaganomics set the stage for the economic issues we are having today and will likely have for years to come as the oil supply dwindles and demand soars.
ources:
Faragher, John Mack et al. Out of Many: a History of the American People. 5th ed. Vol. 2:
ince 1865. Upper addle River…...
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Sources:
Faragher, John Mack et al. Out of Many: a History of the American People. 5th ed. Vol. 2:
Since 1865. Upper Saddle River NJ: Pearson/Prentice Hall, 2006.
Reaganomics or voodoo economics helped spur economic growth in America after the Great Depression. The writer's contention that the national debt grew from 907 billion in 1980 to 2.6 trillion in 1988 under Reagan's administration is spot on. In fact, Reagan personally described the new national debt as the biggest disappointment of his presidency. However, I strongly feel that it is not fair to associate Reagan's presidency with the huge national debt only. The writer should have also highlighted Reagan's resolve to broaden tax base that raised revenue equal to 4% of existing tax revenue.
The writer should have also talked of 1981 tax cuts and the Tax Reform Act of 1986 that positively impacted different aspects of the lives of the Americans. It is true that Reagan's administration was opposed to Soviet communism. Other than going for containment, Reagan felt that ommunism could only be fought using the policy of…...
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Conservatism has played critical role in the American political landscape since the 1950's. However, as the writer puts it, it gained much currency during President Ronald Reagan's spell at presidency. The writer's assertion that strong conservative movements existed even before the 1980's and that their strength in absolute numbers was determined by political and economic factors is very true. William F. Buckley, the founder and editor of the National Review, is a clear manifestation to this. He clearly articulated the ideals of conservatives even before the 1980's. The writer's assertion that Reagan's ascendancy to power and presidency made the conservatives to clearly and vocally express their views is very true. President Reagan gave voice to the opinions of the vast majority of Americans with the Bully Pulpit of the American presidency. Reagan was a great communicator. This is evidenced in the way he defined conservatism. He asserted that the heart and soul of conservatism is libertarianism and the basis of conservatism is a desire for less government interference. This made him connect easily with the ordinary citizens.
The goals and values of conservative movement like the rule of law, fiscal conservatism, limited government intervention, individual responsibility, strong family values, and attention to the core values of Judeo-Christian Ethics, as the writer puts, can be summarized into overall reduction of taxation, the policy of rolling back communism, strengthening family values, and enhancing conservative Christian morality.
When Reagan ascended to the presidency, politicians began courting the powerful Christian right for their votes because they were capable of articulating their desires, a departure from the past when they were shouted down by less than shy liberals. This made the conservatives a significant force in the American politics as the writer notes. Issues relating to family values and pro-life positions were openly talked about. It is true that American voters now identify themselves as very conservative, conservative, or moderate.
eaganomics
ichard Nixon focused on the economic matters in his initial six months of his tenure with the advice of former president ichard Nixon. The concept of eaganomics was associated with the supply-oriented economic theorem which formed the basis of the economic policies of eagan. (eaganomics Debate: Did eaganomics improve the Economy?) "The consistent and distinct theme of this program, in onald eagan's words was that only by reducing the growth of government can we increase the growth of the economy" (The Future of eaganomics) The Program for Economic ecovery introduced by eagan during 1981 had four major goals such as abatement in the government expenditure, a decline in the marginal tax rates on capital and labor incomes, reduction in economic control and reduction in rate of inflation regulating the growth in the supply of money. Such variations in the policies consequently were anticipated to enhance the saving and investment and…...
The Great Depression required restructuring of the economy in order to address the causes and effects of that crisis. It was more successful when some of the ill-conceived elements of the New Deal were discarded, but the measures undertaken paved the way for the strong growth of the latter 20th century. Reaganomics itself does not promote strong growth, but it worked in the short run, and some of Reagan's other policies ultimately promoted strong growth.
Thus, it is difficult to determine which of the two worked better. Had Reaganomics been attempted in the Great Depression it may have failed because it was not a wholesale restructuring of the economy. The New Deal would have been largely redundant in Reagan's time and in any event most of its policy prescriptions would not have addressed the specific problems that Reagan faced. Neither policy can be said to have definitively improved its respective…...
Introduction
When Ronald Reagan was sworn in as the 40th President, he spent his two terms enacting a series of economic policies that were known as Reaganomics. The policies were a response to challenging economic conditions of the time, a strong mandate from voters, and a desire to test certain conservative economic ideas on a large scale. This paper will examine what these policies were, and whether or not they achieved their objectives.
The Backdrop
The post-war decades of the 50s and 60s saw steady economic gains, but this run was disrupted in the 1970s, in particular by shocks to oil prices. For an economy built on cheap oil, these price shocks created significant turmoil in all aspects of the economy. When Reagan was sworn in in 1981, the country was suffering through what was known as stagflation, a condition where inflation rates were high, accompanied by persistent high unemployment (Investopedia, 2017). After…...
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References
Adams, W. & Brock, J. (1988) Reaganomics and the transmogrification of merger policy. The Antitrust Bulletin. Vol 33 (1988) 309.
Agnew, S. (1991). The US trade and budget deficits in global perspective: An essay in geopolitical economy. Environment and Planning. Vol. 9 (1)
Bergsten, F. (1981) The cost of Reaganomics. Foreign Policy. Vol. 44, (Autumn 1981) 24-36.
Blanchard, O. (1987). Reaganomics. Economic Policy Vol 2 (5) 15-56.
Stimulus Bill Political Communication
Political Communication during the Stimulus Bill Debate
In times of economic uncertainty and national emergency, the government has the capacity to make decisions that it believes will aid the country in its time of need. Such a time of need occurred in 2009 when the country continued to face an existence of dire economic circumstances involving national cash-flow and jobs. In order to set economic recovery into motion, President Obama called for the passing of the American ecovery and einvestment Act of 2009 (AA), otherwise regarded as the stimulus bill. While such a bill was considered pivotal by many government officials in order to get the country back on its feet, crucial differences in policy and bill structure could be viewed in assessing the opinions Democrats and epublicans brought to the floor in terms of the bill's passing. In understanding the basis of the bill itself, along with…...
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References
Alarkon, W. (2009 January 25). Boehner says he will vote no on stimulus. The Hill. Web.
Reagan and the 1980s
President Ronal Reagan served two terms, lasting from 1981 to 1989. During his tenure, he is noted for economic policies that favored the wealthy and a conservative agenda that took care of business interests at the expense of social efforts. More than fifteen years after Reagan's tenure, we still see his influence not only in the things he changed in the 1980s, but also in the politics and economic policies of current conservatives, particularly true of current President George W. ush who, like Reagan, will also enjoy eight years to push his supply-side agenda.
In the year before Reagan took office, 1980, the United States economy was stagnant (Reaganomics). Inflation was 13.5% and unemployment was 7.1%. Gross domestic product (GDP) had only grown 2.8% from 1974 to 1981. Americans were anxious for a new agenda and Reagan responded with a different economic approach commonly referred to as either…...
Kamin, D. And Shapiro, I. (2004, September 13). Studies shed new light on effects of administration's tax cuts. Retrieved November 14, 2005 from Web site: http://www.cbpp.org/8-25-04tax.htm
Niskanen, W.A. And Moore, S. (1996, October 22). Supply tax cuts and the truth about the Reagan economic record. Cato Policy Analysis No. 261. Retrieved November 14, 2005 from Web site: http://www.cato.org/pubs/pas/pa-261.html
Reagan era economics and uses the economic era as a foundational support for the economic boom of the 1990's. The writer explores various published works regarding the Reagan Economic era including discussions about the trickle down theory and voodoo economics to lay the building blocks to explain the boom of the 1990's.
The economic boom of the 1990's brought America to heights it had not seen in many years. People were able to purchase what they wanted, when they wanted and in the quantity they wanted. The housing market soared and the quality standard of life seemed to improve more many Americans. It was a decade of self-discovery, and a decade of exciting stock, housing, auto and other economic avenues to explode. It lasted long enough for residents of this nation to become comfortable spending and that comfort drove the spending up. This in turn drove the economy forward and…...
Many young people voted for Reagan as he represented rebellion against the authority figures in society but was a rebellion characterized by valiance and effectuated through skillful communication. The approval rating of Reagan was approximately 42% when 1982 began but dropped to the record low 35% later that same year. The U.S. entered a recession. If one is to set their focus upon obtaining a chance at being the President of the United States, then that individual must take a political stance and hold a view that is somewhat differential from the opposing party. In the case of Ronald Reagan, who had been a democrat for most of his life, it was the democratic party that he must debate against in the attempt to establish a better public platform that the opposing candidate. Ronald Reagan may be viewed as a 'come-lately' at the time he entered the political scene…...
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Bibliography
Jordan, C. (2003) Movies and the Reagan Presidency: Success and Ethics. Praeger June, 2003.
McChesney, R.W. And Nichols, J. (2002) Our Media, Not Theirs: The Democratic Struggle against Corporate Media. Seven Stories Press, 2002.
Curry, Tom (2004) Ronald Reagan, 1911-2004: An Indefatibable optimist who set American on a Consdervative Course: MSNBC Online avaialble at http://www.msnbc.msn.com/id/3638299/
McLaren and Farahmandpur conceive of the new imperialism as a "combination of old-style military and financial practices as well as recent attempts by developed nations to impose the law of the market on the whole of humanity itself" (2001, 136).
McLaren and Farahmandpur note, too, that the concept of class division is a taboo subject within the "guarded precincts of academic discourse, leaving discussions of class out of discussions of global capitalism, exploitation and oppression linked to capitalism. Certainly, this was true in the Martha Stewart case. The media was at pains to point out how well accepted she was by the other inmates, pointing out that she hadn't even won the Christmas decorating contest. Every once in a while, to use George Orwell's mythology, some of the more equal pigs must appear to be less equal in order to convince the less equal pigs that all pigs are equal. However,…...
Krishnan, R. (1996, May). December 1995: "The first revolt against globalization." Monthly Review, 48, 1+. Retrieved March 23, 2005, from Questia database, http://www.questia.com .
McLaren, P., & Farahmandpur, R. (2001). "Teaching against globalization and the new imperialism: Toward a revolutionary pedagogy." Journal of Teacher Education, 52(2), 136. Retrieved March 23, 2005, from Questia database,
Successes of President Ronald Reagan
Ronald Reagan was America's 40th president. He is among America's most influential presidents. He was able to make several positive contributions to the development of the American Republic. America grew to be a stronger superpower during his tenure as president. Ronald Reagan was also once a governor of California State before being elected president of the United States. Before joining politics, he spent much of his time in Hollywood and came out a polished public relations individual. The Hollywood experience made him fit for public appeal. At Hollywood, he was also able to rise to a leadership level when he was elected the president of the Hollywood Actors Guild. This paper seeks to reveal the successes of Ronald Reagan and their effect on America's destiny.
The successes of Ronald Reagan
Ronald Reagan contributed to the American nation. One contribution that he is associated with was on the issue…...
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Work Cited
Sibley, Katherine A.S. The Cold War. Westport, Conn.: Greenwood, 2010. Print.
White, John Kenneth. "Ronald Reagan: The Power of Conviction and the Success of His Presidency.(Book Review)." Presidential Studies Quarterly 1 Mar. 2014. Print.
He would sometimes be wheel chaired to the door through which he would enter to make a public appearance, but once at the door, his leg braces would be put on him, and he would rely on his son's arm for support and balance (43-48). Later, with his son's support, he was able to use a cane, and the extent of his disability was successfully downplayed by the force of his political platform and the attention he commanded with powerful words and the presentation of himself in a dignified way with strong posture (43-48).
"Deeply concerned that the image of a 'permanently crippled man' seeking to lead a crippled nation out of the Depression would be damaging to his campaign, oosevelt's aides every effort to portray the Democratic nominee as a man who had conquered polio and who could walk. As he traveled across the country, his leg braces, without…...
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Reference List
Bardes, Barbara A., Shelley, Mark C., Schmidt, Steffen W. (2008).
American Government and Politics Today: The Essentials,
Coates, Peter A. (2006). American Perceptions of Immigrant and Invasive
In many respects, Milk's broad political objectives emphasizing the responsibility of government to solve the problems of its citizens may have been more effective in furthering gay rights than the more militant or at least confrontational approach taken by many of his contemporaries as well as those of others since his assassination (Marcus, 2002).
Specifically, Milk acknowledged but never directly promoted his own homosexuality and in his responsibilities in local government, Milk responded to citizens' complaints about matters such as roads that needed potholes repaired and the need for local ordinances pertaining to the mandatory cleanup of dog droppings. More importantly, in a town with many gay residents who were not parents, Milk opposed the closing of an elementary school under the proposition that the community must be equally welcoming of everybody and not reflect the needs of any groups over those of others, regardless of their respective prominence (Marcus,…...
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References Marcus, E. (2002). Making Gay History. New York: HarperCollins.
Reeves, R. (2005). President Reagan: The Triumph of Imagination. New York: Simon & Schuster.
S. interests in that part of the world. Then, on January 17, 1991, the U.S. launched the first attack, with more than 4,000 bombing runs. After 100 hours, Bush called off the offensive, saying he wanted to minimize U.S. casualties.
Though Bush was criticized for this withdrawal being premature, the U.S. made a retreat from Kuwait after the successful offensive, and Bush's approval ratings reached new highs.
Bush announced in early 1992, that he would run again for President, and his reelection looked probable. However, higher taxes and uncontrolled economic problems brought his term to an end in 1992, and Bush lost to Bill Clinton. Bush was running as a conservative, but so were oss Perot and Pat Buchanan (who ran against him for the epublican nomination).
In order to defeat Pat Buchanan's bid for the epublican nomination, Bush declared even more conservative stances. Though he defeated Pat Buchanan, oss Perot eroded much…...
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References
Farnsworth, S.J. And Lichter, S.R. (2004), New presidents and network news: covering the first year in office of Ronald Reagan, Bill Clinton, and George W. Bush, Presidential Studies Quarterly, Vol. 34:3, 29 Jul 2004, 674.
Frye, T. (1999). Changes in Post-Communist Presidential Power: Political Economy Explanation. A paper prepared for Ohio State University. Retrieved November 19, 2008 at http://kellogg.nd.edu/events/pdfs/Frye.pdf
Kelley, C.S., and Marshall, B.W. (2006). The Last Mover Advantage: Presidential Powers and the Role of Signing Statements, Chicago, IL. Paper presented at the annual meeting of the Midwest Political Science Association, Palmer House Hilton, Chicago, Illinois. Retrieved November 19, 2008 at http://www.allacademic.com/meta/p139737_index.html.
Mann, J. (2002). The ghost of the oval office, New York Times, October 4, 2002.
Key Figures in Shaping American History Throughout the annals of American history, exceptional individuals have emerged as pivotal figures, steering the course of events and leaving an indelible mark on the nation's trajectory. Their leadership, vision, and unwavering determination have shaped the very fabric of the country, from its inception to its present day. George Washington (1732-1799): The Father of the Nation As the first President of the United States, George Washington played a paramount role in establishing the young republic. His unwavering leadership during the Revolutionary War earned him the moniker "Father of the Nation." As President, he presided over the formation....
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