Ronald Reagan | Wikipedia audio article
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Date: 2018-11-21

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Ronald Reagan

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SUMMARY
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Ronald Wilson Reagan (; February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th President of the United States from 1981 to 1989. Prior to the presidency, he was a Hollywood actor and trade union leader before serving as the 33rd Governor of California from 1967 to 1975.
Reagan was raised in a poor family in small towns of northern Illinois. He graduated from Eureka College in 1932 and worked as a sports announcer on several regional radio stations. After moving to Hollywood in 1937, he became an actor and starred in a few major productions. Reagan was twice elected President of the Screen Actors Guild—the labor union for actors—where he worked to root out Communist influence. In the 1950s, he moved into television and was a motivational speaker at General Electric factories. Reagan had been a Democrat until 1962, when he became a conservative and switched to the Republican Party. In 1964, Reagan's speech, "A Time for Choosing", supported Barry Goldwater's foundering presidential campaign and earned him national attention as a new conservative spokesman. Building a network of supporters, he was elected Governor of California in 1966. As governor, Reagan raised taxes, turned a state budget deficit to a surplus, challenged the protesters at the University of California, ordered in National Guard troops during a period of protest movements in 1969, and was re-elected in 1970. He twice ran unsuccessfully for the Republican presidential nomination, in 1968 and 1976. Four years later in 1980, he won the nomination, and then defeated incumbent president  Jimmy Carter. At 69 years, 349 days of age at the time of his inauguration, he became the oldest president-elect to take the oath of office (a distinction now held by Donald Trump, since 2017). Reagan faced former vice president Walter Mondale when he ran for re-election in 1984, and defeated him in a landslide with the largest electoral college victory in American history.
Soon after taking office, Reagan began implementing sweeping new political and economic initiatives. His supply-side economic policies, dubbed "Reaganomics", advocated tax rate reduction to spur economic growth, economic deregulation, and reduction in government spending. In his first term he survived an assassination attempt, spurred the War on Drugs, and fought public sector labor. Over his two terms, the economy saw a reduction of inflation from 12.5% to 4.4%, and an average annual growth of real GDP of 3.4%. Reagan enacted cuts in domestic discretionary spending, cut taxes, and increased military spending which contributed to increased federal outlays overall, even after adjustment for inflation. Foreign affairs dominated his second term, including ending the Cold War, the bombing of Libya, the Iran–Iraq War, and the Iran–Contra affair. In June 1987, four years after he publicly described the Soviet Union as an "evil empire", Reagan challenged Soviet General Secretary Mikhail Gorbachev to "tear down this wall!", during a speech at the Brandenburg Gate. He transitioned Cold War policy from détente to rollback by escalating an arms race with the USSR while engaging in talks with Gorbachev. The talks culminated in the INF Treaty, which shrank both countries' nuclear arsenals. Reagan began his presidency during the decline of the Soviet Union, and the Berlin Wall fell just ten months after the end of his term. Germany reunified the following year, and on December 26, 1991 (nearly three years after he left office), the Soviet Union collapsed.
When Reagan left office in 1989, he held an approval rating of 68 percent, matching those of Franklin D. Roosevelt, and later Bill Clinton, as the highest ratings for departing presidents in the modern era. He was the first president since Dwight D. Eisenhower to serve two full terms, after a succession of five prior presidents did not. Although he had planned an active ...