When Ronald Reagan took office, Iran held American hostages. Inflation was abround 12% to 15%. Mortgage interest was at 17% (I was luckly, because my mortgage was only 16%) and few people could buy a house ... unemployment was at 10% and rising ... and the economy was in a mess. The upper marginal income tax rate was 70%. The Soviet Union was making hell around the world, either directly, or through its subordinate puppet states.
Reagan launched the greatest and longest post-war (WWII for the young people) economic boom, a boom that George Sr. and Clinton inherited. He forced the conditions which led to the fall of the Soviet Union and Communism around the world ... all without a shot being fired. Tax rates were brought down to 28%. Unemployment reduced to 4% or less. And now today we enjoy 6% mortgage rates.
He had trouble with the Iran-Contra scandal, but I agreed with his actions ... the scandale went away. While the lower tax rates boomed the economy, which brought in more tax revenue by virtue of the growth, the spend-happy members of congress managed to keep over-spending ... my only complaint about Reagan is that he signed the spending bills. I wish he would have shut down the government until Congress got serious about spending cuts.
Ronald Reagan achieved far more in eight years than Franklin Roosevelt did in 14 years as President ... and the claims that he killed more people than Pol Pot is typical of the radical idiots who refuse to take an honest look at history. Ronald Reagan had nothing to do with mass killings of any kind. - Jim W.