The Watergate Scandal: Timeline and Background. President Ronald Reagan's Economic Policies. By Kimberly Amadeo Reagan and the Economy Ronald Reagan was U.S.
President from January 20, 1981 – January 20, 1989. He was the first conservative President in more than 50 years. However, he was similar to President Obama in one respect -- the first task of each was to combat the worst recession since the Great Depression. That's where their paths differed greatly. His philosophy was "Government is not the solution to our problem, government is the problem. " 1980-1981 Recession Reagan inherited an economy mired in stagflation -- a combination of double-digit economic contraction with double-digit inflation. Reaganomics Reagan's economic policies are known as Reaganomics. Continue reading below our video Loaded: 0% Progress: 0% In time, the increased revenue from a stronger economy offsets the initial revenue loss from the tax cuts.
Reagan and Deregulation Reagan was applauded for continuing to eliminate the Nixon-era price controls. Bank regulations were eased. Beating Inflation. Foreign Policy. Obama on the Economy. Budget No matter how one looks at it, the 2012 presidential election will be a referendum on the economic policies of the Obama administration.
The sub-prime mortgage fiasco of 2007/08 and the resulting recession, which wiped off almost $17 trillion from the wealth of the citizenry, played a prominent part in Senator John McCain’s defeat to President Obama in the 2008 presidential election. The aftereffects of that recession are now threatening to derail the Obama presidency. Things are definitely not looking particularly rosy for the Democrats at the moment, and the tepid job market is certainly not helping.
President Obama is being personally held responsible by a majority of the conservative Republican base for the spiraling federal debt, the unchecked federal deficit of the past three years and the general sense of malaise pervading the psyche of the nation. Less one forget, this is a central part of President Obama’s manifesto in the 2008 campaign.
Deficit and Debts Policy. Obama and inflation: Will Bernanke weaken the dollar? (MoneyWatch) The election is over and two top dogs will keep their jobs.
With the reelection of President Obama, Ben Bernanke's job as Chairman of the Federal Reserve Board is safe until the end of his second term (Jan. 31, 2014). BB's job was at risk if the election went the other way, because Mitt Romney had said that he "would like to select ... a new person to that chairman position, someone who shared my economic views" and he doubted the efficacy of recent monetary policies. The status quo means that the Federal Reserve will continue its third round of "Quantitative Easing," which amounts to the purchase of $40 billion per month of mortgage-backed securities. The intended goal of QE3 is to spur economic growth and help reduce unemployment. Whether or not the plan will work is subject to debate.
Obama wins: Will your taxes rise? Inflation occurs when the prices of goods and services rise and as a result, the purchasing power of your dollars falls. . © 2012 CBS Interactive Inc.. Obama.3cdn.net/8335008b3be0e6391e_foi8mve29.pdf. Obama's Cost-of-Living Proposal Would Shield Poorest. Watergate Lesson Plan – The Limits of Presidential Power. Print Back to lesson plans archive May 13, 2013 By Stephanie Schragger May 2013 marks the 40 th anniversary of the nationally televised Senate committee hearings about the break-in at the Democratic National Committee offices at the Watergate hotel in Washington, D.C.
The hearings revealed that the break-in had been part of a political spying campaign perpetrated by President Richard Nixon’s reelection campaign, and eventually led to Nixon’s resignation. Subjects Social Studies, U.S. Grades Estimated time One 45-minute class period Objective To gain an understanding of the events of the Watergate scandal and its impact on the American presidency. Students will: Learn about the Watergate scandal of 1972-1974 and the events that led to Nixon’s resignation. Procedure For homework, students should read the Watergate Background handout. Extension Activities Students can look at Ford’s pardon of Richard Nixon . Stephanie Schragger teaches American and European history in New York. Watergate Scandal Video — History.com.