Thursday, January 12, 2012

Would the founding fathers consider Ronald Reagan a socialist?

Ronald Reagan won the U.S. presidency in 1980, at the end of a decade of humiliation and frustration for the American people. using his affable personality as a potent political weapon, Reagan helped to restore confidence in the country's future and went on to convert millions of Americans to his conservative political ideology. during the 1980s, Reagan oversaw a sustained economic recovery, driven primarily by one of the great bull markets of all time on Wall Street. soaring profits in the stock market minted millionaires by the thousands, lending the Reagan era a certain gold-rush aura as more people attained spectacular wealth than ever before in American history. looking beyond America's borders, the 1980s brought first heightened tension and then unexpected victory in the decades-old Cold War with the Soviet Union; the peaceful collapse of the global Communist bloc Reagan once denounced as an "Evil Empire" stood as a monumental triumph in American foreign policy.

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