Reading Guides 56, 58, 59 are due by June 7 th !

1. Notes on Reagan and Clinton Documentaries can be used on the Final! Reading Guides 56, 58, 59 are due by June 7th! Get the work done, study old tests and you will be fine!

2. 1980: The Reagan Revolution Begins • "In this present crisis, government is not the solution to our problem; government is the problem.” • Begins to reverse the political legacy of the New Deal and Great Society • Reagan had a simple message: • low taxes • smaller government • strong national defense http://www.youtube.com/watch?v=hpPt7xGx4Xo&feature=related

3. A Dramatic Start to the Reagan Presidency On March 30, 1981, Reagan survived an assassination attempt by John Hinkley Jr, who shot the president in an effort to impress actress Jodie Foster. Reagan was more badly injured than the administration reported, but he remained optimistic and his approval rating reached 73%.

4. Reagan’s EconomicPolicies: Reaganomics • To combat "stagflation”: • supply-side economic theory: cut taxes (largest in history) to encourage businesses • More jobs + more taxes = more tax $$$

5. The Debate Over Reaganomics Supporters Opponents

6. The Debate Over Reaganomics Opponents: • A policy that makes the poor poorer • Social and cultural spending cut by $136 billion over two years • Cuts: food stamps, welfare, school lunches • hurts poor and minority groups Supporters: • A policy that helped the rich get richer: wealth “trickles down” from upper class to lower. -Conservative author George Gilder

8. Reagan’s New Federalism • Shifting of power from the federal government to the states’ governments • Block Grants – lump-sum payments to the states from the federal treasury to use as they wished • social programs (health, education & welfare) • Liberals criticize cutting spending on social programs (Block grants ≠ prior federal spending)

9. Deregulation • The reduction or removal of government controls on business • Goal: make it easier for companies to compete & be profitable Examples: • Cut standards for air and water quality • Allow companies to pollute environment • Reduce protections for worker safety • Sell public lands cheap for oil & mining

10. Defense Spending Increases • Increased defense capability • Our national security vs. USSR • Increased military spending by over 50% between 1981 and 1988 • Strategic Defense Initiative Guns(military) vs. Butter(social programs) Debate

11. Deficit Spending & Growing National Debt • NATIONAL DEBT GREW! Federal Budget Deficit – the shortfall that results when government spending exceeds revenues for a given year National Debt – all loans taken out by the govt to finance its annual deficits.

12. The Reagan Years (1980-1988)

13. The Deficit and the National Debt “By 1988, the interest alone on the national debt reached 14% of the annual budget and the United States became the world's biggest debtor.” • The hike in defense spending, and vastly reduced tax revenues = skyrocketing federal budget deficit • Reagan is unable to balance budget

14. Recession and Rebound Recession = production goes down + unemployment rises + consumer spending declines. *By the middle of 1983, the economy recovered*

15. Reagan’s Social Policy Guns(military) vs. Butter(social programs) Debate • Shapes Reagan’s social policy • Beliefs about social welfare? • AIDS • Drug use • Justice Sandra Day O'Connor • Civil Rights • Immigration

16. Review of Reagan (Economic and Social policy) • Positives • Economic recovery • Unemployment is low • Cold War ends • Negatives • Cutting of social programs hurts poor and minority • Huge National debt / deficit

17. The High Tide of Liberal Reform Environmental Protection Agency Developed – ’72 Roe Vs. Wade Title IX Bakke vs. California AKA affirmative action 1979 Americans With Disabilities Act – 1990 Some argue the current debate of gay marriage is a current civil rights issue -2010