What Is The Impact Of Ronald Reaganomics

Ronald Reagan has been consistently viewed as one of the top five best Presidents in the history of the United States. Reagan’s time as the Commander in Chief yielded a plethora of prodigious results. Reagan played an enormous role in revitalizing the GOP after it had lost some credibility during the Watergate scandal. In addition, Reagan spurred an economic boom that lasted for two decades with his economic policy that was later termed Reaganomics. These policies involved heavy deregulation, domestic spending restraint, and significant tax reform which included both simplifying the tax code and cutting taxes. Reagan is also well known for implementing a philosophy of peace through strength. Reagan initiated the Strategic Defense Initiative, which was a plan to build capability to shoot down enemy missiles so that the United States could effectively defend
President Reagan took a hard stance against negotiating with terrorists saying, “America will never make concessions to terrorists… To do so would only invite more terrorism. Nor will we ask nor pressure any other government to do so. Once we head down that path there will be no end to it, no end to the suffering of innocent people, no end to the bloody ransom all civilized nations must pay.” (Nelson, 1985) Reagan refused to cave into the hijacker’s requests. He did, however, reach out to Algiers and ask them to help resolve the situation. Israel, at least as it appears, did not yield to the terrorists either. However, this point may be questioned due to the suspicious release of over 700 Shia Muslim prisoners shortly after the crisis. Beirut tried as hard as possible to stay away from negotiations and only conceded when they realized it was necessary to. Algiers likewise was not keen to negotiate a plane hijacking. They did however, and quite successfully too, at the request of the United