In 1980, Americans decided they’d had enough unemployment, high taxation and spending. They didn’t know the details of Reagan’s plan, but they had a sense of his vision for individual freedom and limited government. They also knew that the current President was only making things worse. In firing Jimmy Carter, they voted with hope that a different President would be a better President. This is still the decision we face today.
Alarmingly, Americans today have begun to accept high unemployment, debt, and rising energy prices as the new normal. As a result, many Americans are less willing to hold their President accountable for a lackluster economy or weak jobs market. The perk and the penalty of the job of President of the United States is that you are responsible for everything, the good and the bad of the economy. We must hold our elected leaders accountable for the economic situation they have helped create, and make a decision based on the merits of their actions, or inactions. The voters of 1980 knew that, and made the right choice.
The election of Ronald Reagan ushered in a period of economic growth and a boom in American jobs unlike anything we’d seen in decades. It wasn’t immediate. In fact, Reagan’s Republican Party suffered devastating losses in the 1982 election. But even in the face of these short-term losses, President Reagan remained true to his principles, and as a result our country benefited from the greatest sustained economic recovery in modern American history. Reagan’s economic policies reassured business owners and calmed the nerves of people throughout the country, who in turn began hiring and producing again. This man led and changed the course of our country for at least two decades, establishing our country as not only the beacon for the free world, but an example of the success of economic freedom.
As we are living in a remake world, let’s hope the American people remember the history lesson from 1980 and once again reject big-government policies that have set our economy back years. If not, we already know what to expect: four more years of failing policies, fewer jobs, and more debt.