Word: terme
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Dates: during 1980-1989
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...question is not whether Reagan can recover. The nation is beginning to look beyond Reagan now. Any President in the last half of his second term is already in the valedictory mode. The Iran affair simply hastened the process and abruptly concentrated the nation's mind. The 1988 election is coalescing. The parties are sorting out candidates and issues. There are signs of a fundamental change in the nation's political weather, a philosophical mood shift like those that seem to occur in America every generation...
...money; it needs discipline and imagination. America can no longer afford racism and a neglect of the underclass. They also cost too much. These are problems that must be solved not only as a matter of social justice (which they are) but as a question of America's long-term economic survival...
...intellectual turbines of the Reagan revolution, masterminded last year's successful push for tax reform. He has attempted to formulate a conservative populism that would save the Reagan Administration from being inextricably tied in the public mind with Big Business and Wall Street. Darman has used the term corpocracy to describe the bloated management of U.S. corporations that have resisted becoming more competitive. "Big Government isn't what is bugging everyone these days," says Darman. Instead, he sees the resentment as being directed at stagnant industries and declining education systems. Businesses that profited from tax breaks without making intelligent investments...
After a half-century, Reagan sought to steer America on a course away from the New Deal. And yet, in doing so, he more than doubled the national debt. He was unable, or unwilling, in a term and a half tackle middle-class entitlements, such as Social Security, Medicare and wildly excessive farm- support programs. Reagan bequeaths that burden to future Presidents...
...stretch far enough to see another boom, or even a boomlet. What he sees is a budget deficit of $882 million and diminished prospects for the state's heretofore pampered citizens. A man who favors cowboy boots and long silences, Cowper says sardonically, "It's a four-year term unless they burn me out of the mansion." Cowper idly contemplates that unhappy prospect because after he decided to run for office, first oil prices, then Alaska, went bust...