So, good hair and shinned shoes. An absolute must for running an efficient administration. You and other have focused on President Regan's tax cuts for the wealthy. Were you aware than in his first term, after inheriting a mess, he created over 35 million jobs during his first term? He also selected wisely in Federal Reserve Chairman Paul Volcker embarked on a tight-money policy designed to rein in inflation, moving the inflation rate from a staggering 13.5 percent in 1981 down to 3.2 percent just two years later. Do you forget about, Reagan's economic policies, such as a reduction in government spending and regulation and cuts in taxes, resulted in an unprecedented 92-month long economic boom, from Nov. 1982 to July 1990, with expansion and growth in the GDP (+36%), employment (+20 million jobs), and the Dow Jones Industrial Average (+15%).
How about education: After "A Nation at Risk", a negative report on the nation's educational system, was released in Apr. 1983, President Reagan increased the budget for the Department of Education by $6 billion over the next three years. During the Reagan Administration, state education aid increased 20%, or almost $35 billion and, in 1988, it comprised a nearly 50% slice of revenue from all sources for education. In one of his speeches he said, ""If we are to pioneer a revolution in technology, meet challenges of the space age, and preserve values of courage, responsibility, integrity, and love, then we cant afford a generation of children hooked on cocaine and unable to read or write."
The Environment: Between 1982 and 1988, Reagan signed 43 bills designating more than 10 million acres of federal wilderness areas in 27 states. This acreage accounted for nearly 10% of the National Wilderness Preservation System at the time. Reagan had signed more wilderness bills than any other president since the Wilderness Act was enacted in 1964.
Foreign Policy: Reagan helped bring an end to the 46-year-old Cold War, through a combination of hostile, anti-communist rhetoric and a massive arms buildup followed by skillful diplomacy and disarmament. On Nov. 9, 1989, just over two years after his famous Brandenburg Gate speech, the Berlin Wall fell, marking the end of communism in Germany. On Dec. 15, 1991, after four bilateral summits with Reagan, General Secretary Mikhail Gorbachev dissolved the Soviet Union.
Health: On Apr. 7, 1986, Reagan signed the Consolidated Omnibus Budget Reconciliation Act (COBRA) into law. As of Sep. 30, 2010, COBRA is still in effect and gives some workers who lose their health benefits, for example in situations such as job loss or reduction in hours worked, the right to choose to continue health benefits provided by their employer's group health plan.
Labor: When Reagan followed through on his Aug. 3, 1981 threat to fire 12,176 striking air traffic controllers (PATCO), he held the controllers to their signed affidavit stating that they would not "participate [in any strike] while an employee of the Government of the United States." [18] Reagan brought in military air traffic controllers as replacements to ensure there was no disruption of a major public service. His actions helped curtail future frivolous strikes as they plummeted from an average of 300 each year in the decades before the PATCO strike to fewer than 30 in 2006.
Science/Technology: Reagan was a big supporter of the National Aeronautics & Space Administration (NASA). In his 1984 State of the Union Address, Reagan announced plans for what came to be the International Space Station. On Jan. 30, 1987, Reagan also announced that he planned to fund the building of the Superconducting Super Collider, a $4.5 billion dollar particle accelerator used for high energy physics research. Social Policy: To "finally break the poverty trap," as Reagan stated in his 1987 State of the Union Address, he signed the Family Support Act on Oct. 12, 1988. The Act required states to establish and operate a Job Opportunities and Basic Skills program (JOBS) to assure needy families with children obtain the training and employment necessary to avoid long-term welfare. Reagan also helped save Social Security by passing the Social Security Reform Act of 1983. It provided extra revenue dedicated to securing the solvent future of Social Security. Through massive tax cuts, Reagan helped restore an economy that had both high inflation and unemployment left over from the 1970s. As he brought taxation down from 70% to 28%, Reagan proved that reducing excessive tax rates stimulates growth, increases economic activity, and boosts tax revenues. Government revenues from income tax rose from $244 billion in 1980 to $446 billion in 1989.
Reagan helped to reduce inefficiencies in the federal bureaucracy. When Reagan took office, it took seven weeks to get a Social Security card and 43 days to get a passport. By the time he left office, both could be had in 10 days.
After Obama leaves the WH, what do you think he will be remembered for? Job creation? Eliminating racism? How about his foreign policy? Fiscal management? Obamacare? Ending the war? Why will anyone remember him, other than he was the first half black president to run our nation.
Glaucon wrote:
I like his hair and his shoes were shined. However, I thought he was very bad for the middle class and I am part of that, so I would have to give him a D- for his actions that made my life better.