We are in the Reagan Library in Simi Valley, California for the inaugural meeting of Reagan National Economic Forum. But first of all, I believe that it is necessary to celebrate Ronald Reagan’s memory and achievements, which I believe was the most resulting President ever in the late 20th century.
And in fact, he will go down as one of the greatest presidents of American history. Reagan completely Change to economic policy.
By the way, complete disclosure, I was the Assistant Budget Director during Reagan’s first term, but I digest. He buried the FDR ‘New deal’ and the big government, socialist dogma, which controlled both Democrats and Republican for nearly 50 years.
Reagan Tax rates reduced by 70% to 28% And the Central Banker worked with Paul Volcker to make the dollar as good as gold, which deprived inflation. Reagan once asked, “If people keep their money then why this is inflation and spends it as they want, and it is not inflation, if the government takes it and spends it as it wants?” And there was a boom in the economy.
About 5% growth rate and stock market increased as inflation 12-Under the zipperThis notable economic reform enabled Reagan to bring down the curtain on Soviet communism. In meetings with Gorbachev, Russian wanted Reagan to leave strategic defense initiative, or Star Wars, but Reagan clearly refused and told the Russians that the American economy was not only producing resources for strategic defense initiative, but also for a huge American military power and purse.
And the Russian communist economy was collapsing in the dustbin of history. Of course, Reagan became strong, Gorbachev turned, and then Soviet communism evaporated. The iron curtain came down. Reagan G7 was a world leader in the meetings. Even though Liberal Press made fun of him, other leaders followed their policies of low taxes and deragulation to rule their economies. And Reagan’s presence on the world stage and his policies in the US originally launched the three decades of prosperity and peace.
Now, a lot can always be said about the greatness of Zipper and its patriotism. He was the best optimistic and of course America was considered a bright city on a hill. He believed in American extraordinaryness, and he had great confidence in the knowledge of American voters and American people rather than government. So many times, he said that the government was a problem, not the solution. Recalling he said, “There are nine most terrible words in the English language: I am from the government, and I am here to help.”
The more people saw him, the more he saw the results of his policies, the more he loved him. He won two landslides presidential election. And even today, their elections still run in 60% area. But he warned to the end of his time how important it was to work hard to keep us free and strong, saying “Freedom is a delicate thing, and it is not far from a generation from extinction”. This is always a very important thing to remember.
So we are here to celebrate Jeevan, Kama, The Legacy of the Great Ronald Reagan for the next two days.
