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Compilation of Essays
In this provocative new book, award-winning political journalist Will Bunch unravels the story of how a right-wing cabal hijacked the mixed legacy of Ronald Reagan, a personally popular but hugely divisive 1980s president, and turned him into a bronze icon to revive their fading ideology. They succeeded to the point where all the GOP candidates for president in 2008 scurried to claim his mantle, no matter how preposterous the fit. With clear eyes and an ever-present wit, Bunch reveals the truth about the Ronald Reagan legacy, including the following: Despite the idolatry of the last fifteen years, Reagan's average popularity as president was only, well, average, lower than that of a half-dozen modern presidents. More important, while he was in office, a majority of Americans opposed most of his policies and by 1988 felt strongly that the nation was on the wrong track. Reagan's 1981 tax cut, weighted heavily toward the rich, did not cause the economic recovery of the 1980s. It was fueled instead by dropping oil prices, the normal business cycle, and the tight fiscal policies of the chairman of the Federal Reserve appointed by Jimmy Carter. Reagan's tax cut did, however, help usher in the deregulated modern era of CEO and Wall Street greed. Most historians agree that Reagan's waste-ridden military buildup didn't actually "win the Cold War." And Reagan mythmakers ignore his real contributions -- his willingness to talk to his Soviet adversaries, his genuine desire to eliminate nuclear weapons, and the surprising role of a "liberal" Hollywood-produced TV movie. George H. W. Bush's and Bill Clinton's rolling back of Reaganomics during the 1990s spurred a decade of peace and prosperity as well as the reactionary campaign to pump up the myth of Ronald Reagan and restore right-wing hegemony over Washington. This effort has led to war, bankrupt energy policies, and coming generations of debt. With masterful insight, Bunch exposes this dangerous effort to reshape America's future by rewriting its past. As the Obama administration charts its course, he argues, it should do so unencumbered by the dead weight of misplaced and unearned reverence.
"There are cynics who say that a party platform is something that no one bothers to read and it doesn't very often amount to much. Whether it is different this time than it has ever been before, I believe the Republican Party has a platform that is a banner of bold, unmistakable colors, with no pastel shades." –Ronald Reagan, 1976 Republican National Convention When Ronald Reagan was called to the podium by President Ford during the 1976 Republican National Convention, he had no prepared remarks. But the unrehearsed speech he gave that night is still regarded as one of the most moving speeches of his political career. The reason he was able to give such a powerful speech on a moment's notice was that he was proclaiming the core principles of his heart and soul, which he had been teaching and preaching for years. The New Reagan Revolution reveals new insights into the life, thoughts, and actions of the man who changed the world during the 1980s. The challenges and threats we face today are eerily similar to the conditions in the world before the beginning of the Reagan era. The good news is that we already know what works. Ronald Reagan has given us the blueprint. This book is not merely a diagnosis of our nation's ills, but a prescription to heal our nation, rooted in the words and principles of Ronald Reagan. In these pages, you'll find a plan for returning America to its former greatness, soundness, and prosperity. It's the plan Ronald Reagan developed over years of study, observation, and reflection. It's a plan he announced to the nation, straight from his heart, one summer evening during America's 200th year. It's the plan he put into action during his eight years in office as the most effective president of the 20th century, and it is the plan we can use today to help return America to its former greatness, soundness, and prosperity.
Examining the theoretical underpinning of Reaganomics and the New Federalism, the first section looks at the history of its implementations during President Reagan's first two years in office, focusing on how Reagan's economic theories adapted to the political realities. Section II describes the ways in which Reagan has come into conflict with Federal regulations and the Federal payroll. Section III deals with the effects of the new policies on different socio-economic groups. The last section discusses the future of Reaganomics.
Sam Brownback was the first modern-day conservative to be elected governor of Kansas, the culmination of a rightward shift in the state's often-dominant Republican Party. This book is a detailed case study of the policies implemented over his two terms as governor, paying particular attention to the impact on state government and services, the economy, public education, and the business environment. The authors provide extensive background, historical evidence, and detailed references. The book's real-world relevance is grounded in a discussion of similar policies in other states as well as the US federal government.
What is Reaganomics Reaganomics, or Reaganism, were the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are characterized as supply-side economics, trickle-down economics, or "voodoo economics" by opponents, while Reagan and his advocates preferred to call it free-market economics. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Reaganomics Chapter 2: Economic Recovery Tax Act of 1981 Chapter 3: Supply-side economics Chapter 4: Government budget balance Chapter 5: Tax cut Chapter 6: Economic policy of the Bill Clinton administration Chapter 7: Fiscal policy of the United States Chapter 8: United States federal budget Chapter 9: Fiscal conservatism Chapter 10: Early 1980s recession Chapter 11: History of the United States public debt Chapter 12: Bush tax cuts Chapter 13: Domestic policy of the Ronald Reagan administration Chapter 14: Hauser's law Chapter 15: Laffer curve Chapter 16: Tax policy and economic inequality in the United States Chapter 17: Political debates about the United States federal budget Chapter 18: Deficit reduction in the United States Chapter 19: Reagan tax cuts Chapter 20: Economic policy of the Donald Trump administration Chapter 21: Economic policy of the Joe Biden administration (II) Answering the public top questions about reaganomics. (III) Real world examples for the usage of reaganomics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Reaganomics.
Republicans today often ask, “What would Reagan do?” The short answer: probably not what they think. Hero of modern-day conservatives, Ronald Reagan was not even conservative enough for some of his most ardent supporters in his own time—and today his practical, often bipartisan approach to politics and policy would likely be deemed apostasy. To try to get a clearer picture of what the real Reagan legacy is, in this book Marcus M. Witcher details conservatives’ frequently tense relationship with Ronald Reagan in the 1980s and explores how they created the latter-day Reagan myth. Witcher reminds us that during Reagan’s time in office, conservative critics complained that he had failed to bring about the promised Reagan Revolution—and in 1988 many Republican hopefuls ran well to the right of his policies. Notable among the dissonant acts of his administration: Reagan raised taxes when necessary, passed comprehensive immigration reform, signed a bill that saved Social Security, and worked with adversaries at home and abroad to govern effectively. Even his signature accomplishment—invoked by “Mr. Gorbachev, tear down this wall!”—was highly unpopular with the Conservative Caucus, as evidenced in their newspaper ads comparing the president to Neville Chamberlain: “Appeasement is as Unwise in 1988 as in 1938.” Reagan’s presidential library and museum positioned him above partisan politics, emphasizing his administration’s role in bringing about economic recovery and negotiating an end to the Cold War. How this legacy, as Reagan himself envisioned it, became the more grandiose version fashioned by Republicans after the 1980s tells us much about the late twentieth-century transformation of the GOP—and, as Witcher’s work so deftly shows, the conservative movement as we know it now.
The history we can't afford to forget. At last, the definitive history of supply-side economics—an incredibly timely work that reveals the foundations of America's prosperity when those very foundations are under attack. In the riveting, groundbreaking book Econoclasts, historian Brian Domitrovic tells the remarkable story of the economists, journalists, Washington staffers, and (ultimately) politicians who showed America how to get out of the 1970s stagflation and ushered in an unprecedented quarter-century run of growth and opportunity. Based on the author's years of archival research, Econoclasts is a masterful narrative history in the tradition of Amity Shlaes's The Forgotten Man and John Steele Gordon's An Empire of Wealth.
The guide to returning to a gold standard All that glitters is gold and gold has never glittered so much as it has in the last decade, reaching staggering new prices in recent years. The definitive modern argument to returning to a gold standard, The New Gold Standard succinctly and clearly explains the nature of sound money, the causes and cures of inflation and deflation, the importance of fiscal responsibility within a sound monetary system, and the reasons for recessions and depressions. Little has been written beyond academic histories of the gold standard, but gold standard expert Paul Nathan fills that void for the first time Written for beginning and professional investors, the book provides guidance on how a gold standard will strengthen the dollar, reduce debt, and help stabilize the economy, offering easily applied strategies for investing in gold now and in the future The degree of depressions and recessions and the boom bust cycle can be avoided with a sustainable, stable monetary policy The international return to gold is not a fad but a sign of a world in monetary transition As long as governments continue to print money and deficits continue to rise, gold will be a hot commodity. As inflation creeps up, more and more talk will turn to returning to some version of the gold standard, and The New Gold Standard is the first major work to explicitly address the challenges and benefits of such a move.