(Randy DeSoto) Then-President Ronald Reagan was prescient in 1984 when he predicted what the Democrats would do if they ever regained the full levers of power in Washington again.
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Source – The Federalist Papers
by Randy DeSoto, December 9th, 2021
And pretty much everything he foresaw, President Joe Biden and the Democrats are working to implement.
When the 40th president took office in January 1981, the nation was entering its steepest recession since World War II, with unemployment hitting nearly 11 percent shortly into his first term.
Reagan’s landslide victory in the 1980 election really came in response to Democratic President Lyndon Johnson’s “Great Society” of the 1960s, which had led to the economic stagnation and overall malaise of the 1970s.
Both inflation and interest rates hit double digits by the end of the decade.
President Jimmy Carter perfectly encapsulated the American mood at the time under the weight of big government programs, regulations and high taxes in his “Crisis of Confidence” speech in July 1979.
“The symptoms of this crisis of the American spirit are all around us. For the first time in the history of our country, a majority of our people believe that the next five years will be worse than the past five years,” he said.
In his first inaugural address, Reagan proclaimed, “In this present crisis, government is not the solution to our problem; government is the problem.”
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