Reganecwk6 - spending. This policy also created many jobs...

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Regan’s Economics 10/05/2010 Jerry Byrd
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Regan’s conservative views were a big stimulates the economic recovery of the United States during the early eighties. During and after his presidency he had three major points of the conservative policies he coveted. They were the cutting of taxes; increase defense spending and he also wanted to cut spending on social programs these policies became known as Reagenomics. These policies brought a large stimulation to the American economy. In the eighties one of his biggest policies led to great stimulation to the economy. This was the increase in military spending. This spending also had another effect, and that was the bankruptcy of the Soviet Union. This was due to the Soviet Union trying to keep up with the U.S. on military
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Unformatted text preview: spending. This policy also created many jobs in the defense industry which in turn led to more spending which we all know helps out the economy. He also was able to cut government spending which led to a decrease in the government deficit. Reagans politics were a major factor in the recovery of Americas economy. Tax cuts were put in place, increases in military spending and the social program cuts that were made boosted Americas economy. And up until recently we all were still reaping some of the benefits of Reaganomics. Unfortunately some of the presidents since Reagan have not followed this proven method of politics which has led this country down a dark path....
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Reganecwk6 - spending. This policy also created many jobs...

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