Then-President Ronald Reagan was prescient in 1984 when he predicted what the Democrats would do if they ever regained the full levers of power in Washington again.
And pretty much everything he foresaw, President Joe Biden and the Democrats are working to implement.
When the 40th president took office in January 1981, the nation was entering its steepest recession since World War II, with unemployment hitting nearly 11 percentshortly into his first term.
Reagan’s landslide victory in the 1980 election really came in response to Democratic President Lyndon Johnson’s “Great Society” of the 1960s, which had led to the economic stagnation and overall malaise of the 1970s.
Both inflation and interest rates hit double digits by the end of the decade.
In his first inaugural address, Reagan proclaimed, “In this present crisis, government is not the solution to our problem; government is the problem.”
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