Reagan Centennial: What the Gipper Could Teach Obama
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0 Left 0 Centered 0 RightRonald Reagan scored a comfortable victory in 1980, promising a new day in Washington and the nation. Then Reaganomics ran into brick wall. Unemployment—7.4 percent at the beginning of his term—was heading toward 10 percent by the summer of 1982. The gross domestic product declined 1.8 percent. On Election Day, voters punished him by taking 27 House seats from his Republican Party, including most of the ones gained in 1980. That gave the Democrats a 269-166 seat advantage—far g...