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"A Shining City on a Hill". Reagan's impromptu concession speech at the 1976 Republican National Convention has been called a "defining moment of the Reagan Revolution." [27] Kansas City, MO 1977: February 6 "The New Republican Party" was a speech delivered at CPAC in which Reagan calls for expanding the Republican Party to African Americans. [28]
Reaganomics (a portmanteau of "Reagan" and "economics") refers to both the real economic policies and the associate politicking of the Reagan era. The four pillars of Reagan's economic policy were to 1) reduce the growth of government spending, 2) reduce marginal tax rates on income from labor and capital, 3) reduce regulation, and (4) control ...
The pillars of Reagan's economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation. [7] The results of Reaganomics are still ...
Milton Friedman, the monetarist economist who was an intellectual architect of free-market policies, was a primary influence on Reagan. [4] When Reagan took office, the country faced the highest rate of inflation since 1947 (average annual rate of 13.5% in 1980), and interest rates as high as 13% (the Fed funds rate in December 1980).
When President Reagan handed House Speaker Tip O’Neill the printed copy, O’Neill reportedly said, "Mr. President, good luck." [3] Secretary of Education Terrel Bell was the designated survivor and did not attend the address in order to maintain a continuity of government. [4] No response to this address was given by the Democratic Party.
In addition, the speech addressed welfare issues and proposed that new programs be created to support poor families. Reagan also asked that he be given the authority of a line-item veto. [2] The speech lasted approximately 31 minutes [3] and contained 3,514 words. [4] The address was broadcast live on radio and television.
See the full text transcript of Donald Trump's inaugural address after being sworn in as the 47th president of the United States.
It was Reagan's third State of the Union Address and his fourth speech to a joint session of the United States Congress. Presiding over this joint session was the House speaker, Tip O'Neill, accompanied by George H. W. Bush, the vice president. The speech lasted 43 minutes and 2 seconds [1] and contained 4931 words. [2]