ronald reagan republican elections: 1980 1984. political ad are you better off than you were 4 years...
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Ronald Reagan
Republican
Elections:
• 1980
• 1984
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Political Ad
• Are you better off than you were 4 years ago?
• decrease government and taxes
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Assassination Attempt
March 30, 1981
69 days into presidency
Shot in lung but recovered quickly
John Hinkley found not guilty by insanity and is still in psychiatric facility
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Iran Contra Affair 2 slides
• During Iran-Iraq war, Iran secretly asked to buy weapons from U.S.
• U.S. Congress prohibited this sale of arms
• Reagan wanted to save 7 American hostages in Lebanon
• Arms-for-hostages deal was reached behind doors
• 1,500 missiles went to Iran / 3 hostages released
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-Iran paid $30 million to U.S. for arms Only $12 million was put on the U.S. books. -Lt Col Oliver North had given missing money to rebel Contras in Nicaragua who were fighting the communist government there
-Lebanon exposed the sale
-Reagan went on TV denying he had done this sale for hostages.
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Weeks later….Reagan admitted approving the Iran-Contra Affair
Results of Iran-Contra:
- 14 people charged with operational or cover-up crimes - one conviction overturned - President Bush issued 6 pardons- U.S. laws had been broken - Reagan’s image was hurt
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Economy under this President
• His economic philosophy was called supply side which became known as “Reaganomics”– economy will trickle down from rich at the top – give tax breaks to the rich and they will use that
money to create businesses and jobs for the rest of the people
Results:– Americans below the poverty line increased– huge increases in military spending– doubled the national debt from the 1970s
1984 1988_
Unemployment: 7.5 5.5
Debt or surplus? debt debt
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Campaign promises
• reduce taxes “ no new taxes”• balance the budget and end inflation by 1989• restore military strength (end of Cold War)• cut big government programs – make them
private• never negotiate with terrorists
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Promises he kept
• raised taxes 11 times• increase budget debt with military spending• encouraged development of private businesses• fired public union workers • during Iran-Contra affair, he dealt with Iranian
terrorists in Lebanon
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Major Events
• Iran-Contra Affair• Cold War - military spending• Berlin Wall came down• 1981 – AIDS first identified. Reagan was slow to
act on the AIDS epidemic
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Accomplishments at Home
• began “supply side” economics –” laissez faire”
• largest peacetime buildup of military in U.S. history - up 40%
• busted unions – fired 11,000 air traffic controllers
• granted amnesty to 3 million illegal immigrants
• said American schools were failing – teachers were to blame
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Accomplishments Abroad
• Signed agreement with the Soviet Union to reduce nuclear weapons stockpiles
• Wanted Star Wars – a Strategic Defense Initiative that included ground and air based missiles – this failed to win approval (money) in Congress
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How he is viewed today..
• called the “great communicator”
• still a huge leader in the Republican Party
• known as an anti-tax hero – although he raised taxes 11 times !
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How did he change the country
• peaceful resolution to the Cold War
• reduced inflation and unemployment
• record growth of national debt