Word: reaganized
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Dates: during 1980-1989
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...experience of the Reagan years contradicts both propositions. In 1981, Congress gave former President Ronald W. Reagan sweeping across-the-board tax cuts, weighted heavily in favor of the rich, with the wealthiest 5 percent of taxpayers getting 35.1 percent of the cuts...
Neither the flurry of savings and investment nor the increase in revenues predicted by supply-siders ever materialized. Net domestic savings available for investment averaged only 1.9 percent of GNP under Reagan, compared to 7 percent during the 1970s. Real fixed investment by corporations increased by 2.6 percent per year under Reagan, compared to 7.1 percent under Jimmy Carter. As for revenues, they plummeted by 10 percent--$66 billion...
...Administration's criticism of the contras, whom Reagan described as "the moral equivalent of our founding fathers," comes almost six years after they announced that schools and medical clinics are considered legitimate military targets...
...Every serious reporter knew what the Reagan Administration was doing, raising money for the contras, but until the link with Iran was established and something really outrageous occurred, it wasn't considered a story," Bernstein said...
Bernstein criticized the performance of the press during the Reagan years, saying journalists allowed the president to decide the news agenda rather than "deciding for ourselves what the real news stories were...