Republican dominance and its opponents, 1981-92 Flashcards
(1 cards)
1
Q
Stuff that Reagan did teehee
A
- Literakky just Thatcher but okay
- Trickle-down economics - abandoned demand-side in favour of supply-side
- Reduction of state intervention in states, defederalization.
- Major tax cuts + reductions in public spending - Omnibus Reconciliation Act, cut spending on 300 programmes
- Messed up medicare and medicaid for giggles, as well as cutting food stamps. Also ‘Workfare’, had to do community service for family support payments
- Deregulated air traffic control, led to protests - broke the strike, fired the workers and hired non-union workers for the roles
- Crtiticised Carter for amassing a huge debt, then promptly spent stupid amounts on defence, most during peacetime ever
- Gramm-Rudman Act trying to not be so in debt, wasn’t all that succesful