Since his service in office, Ronald Reagan has been known to be one of the few presidents that is still glorified today. According to the ABC News Poll, taken in February 16-20, 2000, out of 1,012 adults Reagan was ranked fifth. He was ranked above George Washington and below Franklin D. Roosevelt. As a president I think some of his best leadership characteristics shown while in office were his public persuasion, moral authority, and economic management. Even with his good approval ratings though, there were people who opposed the Reagan era and might ask is President Reagan’s ranking of 5th out of 42 a justified ranking? While Reagan is most commonly known by for being a president, he was an actor preceding his presidency. This has seemed
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He didn’t do the outright best with the economy, nor has any other president, but he did help improve it. He made an economic plan called supply-side economics or as known as Reaganomics. Reaganomics were all about cutting taxes, federal budget, and regulations. He planned on doing this by taxing the rich less so they could have more money to spend in investments. With more money put into investments there is more money in the bank and with more money in the bank there is more money to loan out to the lower classes. When the people have more money to take out in loans there can be more spending. Once people can start spending more money companies will have to produce more thus being in need for more workers. So with more production and more employment, stagflation then falls. Although this plan may sound perfect, there obviously are flaws as any plan would have. One major flaw would be that the rich could decide not to put their increased wealth into investments. This would then result in the rich getting more rich and the poor getting more poor. With a bad past of presidents preceding Reagan you’d think that he could’ve just followed up on their morals and motives, but luckily for the U.S. he did not. He decided to put America first and bring the economy up, improve foreign and domestic policies, be honest to the public, etc. I don’t doubt that he deserves his praise from the U.S. So to answer the question of is his ranking of 5th out of 42 justified, I’d have to say it is definitely justified and he earned his rank in his two terms as
He didn’t do the outright best with the economy, nor has any other president, but he did help improve it. He made an economic plan called supply-side economics or as known as Reaganomics. Reaganomics were all about cutting taxes, federal budget, and regulations. He planned on doing this by taxing the rich less so they could have more money to spend in investments. With more money put into investments there is more money in the bank and with more money in the bank there is more money to loan out to the lower classes. When the people have more money to take out in loans there can be more spending. Once people can start spending more money companies will have to produce more thus being in need for more workers. So with more production and more employment, stagflation then falls. Although this plan may sound perfect, there obviously are flaws as any plan would have. One major flaw would be that the rich could decide not to put their increased wealth into investments. This would then result in the rich getting more rich and the poor getting more poor. With a bad past of presidents preceding Reagan you’d think that he could’ve just followed up on their morals and motives, but luckily for the U.S. he did not. He decided to put America first and bring the economy up, improve foreign and domestic policies, be honest to the public, etc. I don’t doubt that he deserves his praise from the U.S. So to answer the question of is his ranking of 5th out of 42 justified, I’d have to say it is definitely justified and he earned his rank in his two terms as