Twenty Six Years Ago Today…

by Stephen Bennett on June 12, 2013


Today marks President Reagan’s historic speech at the Brandenberg Gate where he told the Soviet Union’s General Secretary of the Communist Party “Mr. Gorbachev, tear down this wall”. And down it came with the demise of the Soviet Union’s empire. Reagan’s quote says it all: “Here’s my strategy on the Cold War: We win, they lose.”

We have not had a President of such fearless character in standing for America since. Were he here today juxtaposed for the Presidency, there would be no Obama in the White House, there would be no American decline, there would be no glaring magnified polarization of our country. Instead of running down America, apologizing for American greatness, President Reagan spoke of, represented American greatness and goodness. He was not a divider as the current disaster we have as President, he was a uniter. Simply put, Ronald Reagan knew what really made this country great. President Obama does not. America misses Ronald Reagan and we need him now more than ever.

‘I urge you to speak out against those who would place the United States in a position of military and moral inferiority. You know, I’ve always believed that old Screwtape reserved his best efforts for those of you in the church. So, in your discussions of the nuclear freeze proposals, I urge you to beware the temptation of pride —— the temptation of blithely declaring yourselves above it all and label both sides equally at fault, to ignore the facts of history and the aggressive impulses of an evil empire, to simply call the arms race a giant misunderstanding and thereby remove yourself from the struggle between right and wrong and good and evil.’
March 3, 1983 — Evil Empire Speech

Let’s look at some of President Reagan’s accomplishments while in office:

Reaganomics: Less than five months after being gravely wounded in an assassination attempt, President Reagan signed the Economic Recovery Tax Act in August 1981, which brought reductions in individual income tax rates, the expensing of depreciable property, and incentives for small businesses and for savings. So began the Reagan Recovery. A few years later, the Tax Reform Act of 1986 brought the lowest individual and corporate income tax rates of any major industrialized country in the world.

The numbers tell the story. Over the eight years of the Reagan administration:
• Twenty million new jobs were created
• Inflation dropped from 13.5% in 1979 to 4.1% in 1988
• Unemployment fell from 7.6% to 5.5%
• The next worth of families earning between $20,000 and $50,000 annually grew by 27%
• The real Gross national Product rose 26%

The prime interest rate was slashed by more than half from 21% in January 1981 to 10% in August 1988. Given actual rates of inflation, through 1987, the Reagan tax cuts saved the median-income, two-earner American family of four close to $9,000 in taxes from what it would have owed in 1980.

Tax cuts were only one “leg of the stool.” The second was job creation. Millions of new jobs were created, and as President Reagan had pledged in his inaugural address, they were not limited to just one segment of society. Employment of African-Americans rose by more than 25% between 1982 and 1988, and more than half of the new jobs created were filled by women.

Taming the lion of government spending was another key component of the plan – the third leg of the stool. Here, too President Reagan did what he said he would do. During his administration, growth in government spending plummeted from 10% in 1982 to just over 1% in 1987. With inflation factored in, federal spending actually declined in 1987-the first time that had happened in over a decade.

Reducing tax rates restored the incentive to produce and create jobs, and getting the government out of the way allowed people to become entrepreneurs. From there, the free marketplace operated as it should.

The Reagan Recovery vs The Obama Recovery – In his 1983 State of the Union Address, President Reagan described an economic situation that mirrored our own today: “The problems we inherited were far worse than most inside and out of government had expected; the recession was deeper than most inside and out of government had predicted. Curing those problems has taken more time and a higher toll than any of us wanted. Unemployment is far too high.” But where President Obama responded to an economic recession with a bigger than $2 trillion expansion of government (more than $1 trillion on health care and almost $1 trillion in economic stimulus), President Reagan passed the Economic Recovery Tax Act of 1981, which cut marginal income tax rates across the board permanently. And the differences don’t end there…

Never one not to mix a little humor addressing a recession he inherited from his predecessor Jimmy Carter, but unlike our current POTUS he didn’t invoke and blame his predecessor’s name to deflect responsibility; Regan quipped to a reporter’s question asking him if he accepted any responsibility for the recession: “Yes, because for many years I was a Democrat.”

Read Reagan’s Jan. 1978 speech entitled: Whatever Happened to Free Enterprise
“During the presidential campaign last year, there was a great deal of talk about the seeming inability of our economic system to solve the problems of unemployment and inflation. Issues such as taxes and government power and costs were discussed, but always these things were discussed in the context of what government intended to do about it. May I suggest for your consideration that government has already done too much about it? That indeed, government, by going outside its proper province, has caused many if not most of the problems that vex us…”

An example of Ronald Reagan at his best is the classic A Time for Choosing speech.

Ronald Reagan was a visionary and here he speaks of his concern for socialized medicine, which is the ultimate objective of ObamaCare.

To sum up Reagan’s accomplishments as one of the greatest Presidents in American history here are his Top 10 Achievements.

About Stephen Bennett

Stephen Bennett has written 5 articles for CarolinaRight.

Right Winger, Tea Party Up The Revolution kind of guy in NC. I converse & consort with all genders regardless of faith & idealogy as long as they aren't trying to kill me

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