When faced with poor examples to the Nations Highest Office like Bill Clinton who treated the White House like Hugh Heffners Mansion and Barack Obama who secretly wants to rip it down and salt the earth it was built on we Americans who value liberty and the Constitution have to look to history for a President who truly exemplified integrity and treated the highest office with the respect and dignity it deserves.
Reagan came into office after the malaise of Carter who's liberal ideology and general ineptness caused an economic nightmare where inflation was 12%, unemployment 11%, and interest rates were 21 %. ( sound familiar ? )
Add to that the gas crisis and the Iranian hostage crisis and he had his work cut out for him as he righted the wrongs of a incompetent liberal ideologue.
Some of his accomplishments were as follows but not necessarily in order.
1) Deregulated the Airline Industry and broke the Airtrafic Controllers Union.
( They wanted a 32 hour work week )
2) He through talks with Michael Gorbachev helped to bring down the Berlin Wall
3) Through defense programs like "Star Wars" he outspent the USSR which eventually led to their break up
4) Got the Iranian Hostages released
5) Signed the economic recovery act which dropped marginal tax rates by 23%
Tax cuts were the centerpiece to his plan of getting the Nation out of the Carter economy. Even President Clintons economic team admitted....
" It is undeniable that the sharp reduction in taxes in the early 1980s was a strong impetus to economic growth."
According to the US Treasury statistics the 1982 tax act increased tax revenues by 130 billion in the next four years.
According to the IRS the TOP 1% of income earners paid 18% of all income taxes but by 1988 they paid 28 % of all income taxes. That's with a DROP OF TOP MARGINAL RATES FROM 70 % TO 30 %. You listening libbies ??
Even Bill Clinton reduced Capital Gains tax's knowing Reagans example couldn't be argued with. It was the drop in taxs that fueled the 90's boom that Clinton gets so much credit for.
The total share of the top 10% of income earners increased from 48% in 1981 to 58 % in 1988 with top rates reduced.
TOTAL individual tax revenues ROSE from 244 billion in 1980 to 446 billion in 1990
The 1984 Deficit Reduction Act increased revenues by another 70 billion in the four years following.
The lowering of Capital Gains Tax's increased Capital gains revenue by hundreds of billions and the overall effect was to jump start a failing economy built on the idiotic principles being implemented today.
Unemployment dropped from a double digit 12% to 5.4% in 1988
Inflation dropped from 10% to 4% in 1988 ( by the way lefties we currently have double digit unemployment AND double digit inflation now under your messiah Obama.)
GDP wen't from -0.03 in 1980 to4.1% in 1988.
Total federal tax receipts grew from 618 billion to 991 billion. A 53% increase
6) He made people proud to be Americans again and improved Americas standing in the world as a super power.
So there is no wonder his example is set upon by Conservatives as the quintessential Presidential figure and Liberals who oppose any thing that improves life in a free society.