The New Conservatism and a New World Orde4

The New Conservatism and a New World Orde4 - government had...

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The New Conservatism and a New World Order The Reagan Years THE PRESIDENCY OF GEORGE H. W. BUSH President Reagan enjoyed unusually high popularity at the end of his second term in  office, but under the terms of the U.S. Constitution he could not run again in 1988.  The  Republican nomination went to Vice President George Herbert Walker Bush, who was  elected the 41st president of the United States. Bush campaigned by promising voters a continuation of the prosperity Reagan had  brought. In addition, he argued that he would support a strong defense for the United  States more reliably than the Democratic candidate, Michael Dukakis. He also promised  to work for “a kinder, gentler America.”  Dukakis, the governor of Massachusetts,  claimed that less fortunate Americans were hurting economically and that the 
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Unformatted text preview: government had to help them while simultaneously bringing the federal debt and defense spending under control. The public was much more engaged, however, by Bush's economic message: No new taxes. In the balloting, Bush had a 54-to-46-percent popular vote margin. During his first year in office, Bush followed a conservative fiscal program, pursuing policies on taxes, spending, and debt that were faithful to the Reagan administration's economic program. But the new president soon found himself squeezed between a large budget deficit and a deficit-reduction law. Spending cuts seemed necessary, and Bush possessed little leeway to introduce new budget items....
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