Reaganomics needs to be resurrected to jump start the American economy

The argument presented in my paper is that the United States government needs to implement the economic policies of the Reagan administration into today’s economy to jump start it again. Ronald Reagan inherited a recession like the one today when he first took office. He wanted to base his presidency around low taxes, less government, and a strong national defense. By doing these things this would help the country as a whole but lowering taxes would affect the economy directly because this would stimulate the economy by putting money back in the pockets of the American consumers. The Reagan administration made many cuts and used different tactics to stimulate the economy again and eventually the economy got back on track. With the upcoming election in 2012 I believe that the next president should take a hard look at Reaganomics to get the American economy going again.