Introduction Reaganomics is a term widely used to refer to the economic policies of President Ronald Regan. Critics have labeled the policy as trickle-down economics. “Reagan presented the idea of investing in the top echelon of the society, or cutting taxes to corporations, will be of economic benefit to all, allowing corporations to make more money, ignite new growth and therefore employ more workers.” (Krugman, 2008) To achieve the economic policy change Reagan’s 1981 plan had four major objectives; “(1) reduce the growth of government spending, (2) reduce the marginal tax rates on income from both labor and capital, (3) reduce regulation, and (4) reduce inflation by controlling the growth of the money supply.”(Krugman, 2008). “The policy objectives outlined were never achieved to the maximum and thus led to more harm than good, at least as it is claimed by critics.” (Krugman, 2008). This article seeks to describe the social, economic, and political composition of Reaganomics and the decade of corporate greed and how it affected the political climate of the 1980s. Origin of Reaganomics Ronald Reagan was elected in 1980 as the 40th president of the united states. The Reaganomics concept stemmed from his election campaigns; to reduce tax rates and to have a downsized government. This was captured in a policy Framework during his first year in office. “The policy objectives were; to reduce government spending, reduce marginal tax on income from labor and capital, reduce government regulation of the economy and control the money supply to reduce inflation.”(Troy, 2005). Implementation The Reaganomics plan was implemented gradually throughout President Reagan’s Term. “In January 1981, Reagan lifted remaining petroleum price allocation controls and lowered the Oil windfalls profit tax, thus helping end the energy crisis of 1979.”(Niskanen, 1988). Corporate taxes were cut significantly, personal tax brackets were also cut. The top echelon of the society went from paying about 70% in taxes to approx 28%. Cuts were mainly levied against Social programs such as education. Economic Benefits and achievements The income tax was rates were successfully dropped, for instance, from 70% to 28% in 7 years. “Increase in the payroll taxes was achieved”(Troy, 2005). “The United States GDP recovered marginally after the recession witnessed in 1982 at an annual growth of 3.4%” (Troy, 2005). Despite unemployment rising to over 10.7% in 1982, this dropped for the rest of Reagan’s term. (Troy, 2005). The annual inflation rates dropped significantly, “federal spending declined from 4% during the Cater administration,” despite a record peacetime increase in defense spending (Krugman, 2008). A significant increase in employment by up to 16 million jobs was realized. “The oil windfall profits tax was subsequently ended in 1988 due to the 1980’s oil glut.”(Krugman, 2008). Under Reagan, many major industries such as “airlines banking and railroads were deregulated.”(Niskanen, 1988). The American economy did better than any other pre- or post- Reagan years. Median family income grew by $4,000, during Reagan Era and afterward decreased by $1500. Interest Rates, Inflation, and