1. THE RISE OF REAGAN

2. 1980 ELECTION Reagan relies on the votes from the Moral Majority Carter’s failures with the ongoing Iranian Hostage Crisis also helped Reagan Reagan had been an actor, then governor in California before this

3. “REAGANOMICS” Reagan cut the budget for some domestic spending (esp. for the poor) Be he left “entitlements” like Social Security and Medicare alone Defense (military) spending increased The SDI (“Star Wars”) was a system we claimed to be working on Would “shoot down missiles with lasers from space”

4. “REAGANOMICS” Tax cuts for everyone! Esp. the rich Supply-side economics: With less taxes, you (and companies) have a larger supply of money in your wallet Therefore, you buy more stuff, speeding up the economy. Lowered taxes helped Americans spend our way out of a short recession (slow-down) in 1982

5. “REAGANOMICS” National Debt grew during Reagan’s presidency Lower taxes, higher defense spending Medicare & Social Security grew as old people lived longer

6. “REAGANOMICS” Reagan pushed for “deregulation” of businesses Let them do what they want more, without the govt. keeping as close an eye on them The EPA had its budget cut, pollution increased Deregulation of “savings and loan” companies led to a one day market crash in 1987 Computer systems screwed up the buying and selling of stocks

7. REAGAN’S SUPREME COURT Like Nixon, Reagan nominated conservatives/ moderates Sandra Day O’Connor, first woman Rehnquist moved up to Chief Justice Clarence Thomas: Black, conservative, but sexual misconduct allegations…

8. REAGAN UNDER FIRE Reagan and his team were shot in 1981 by mentally unbalanced man… Who claimed he was trying to impress an actress, Jodie Foster Reagan recovered, incident made him look tough

9. 1984 ELECTION Reagan re-elected significantly, due to a strong economy

10. 1988 ELECTION Reagan’s VP, George H.W. Bush, wins in part by using negative adds against Michael Dukakis Bush’s promise of “no new taxes” was something he couldn’t live up to