1. Which was not a reason for Carter’s low approval ratings in 1980?
(Points: 1)
economic problems

Iran hostage crisis

lack of confidence in the president

Camp David Accords

2. Besides lower taxes and smaller government, what did Ronald Reagan’s political agenda include?
(Points: 1)
social programs to help the poor

a strong military

a reduction in nuclear arms

improvements in Medicare

3. By 1980 many Americans wanted a smaller federal government, lower taxes, and a strong military. How did those issues influence politics in 1980?
(Points: 1)
There was a shift to the right to more conservative views.

There was a shift to the left to more liberal views.

The political climate did not change.

Voters did not know who to turn to.

4. Which was not an issue in the 1980 election?
(Points: 1)
hostages in Iran

confidence in the leadership

the economy

social programs

5. What was a key element of Reagan’s plan to meet the economic crisis in 1981?
(Points: 1)
raising taxes to pay for government programs

raising interest rates to curb inflation

lowering interest rates to encourage home buying

regulating savings and loans to avoid further crises

6. What was one benefit some economists believed would result from supply-side economics?
(Points: 1)
more jobs as individuals and businesses spent their tax savings

lower interest rates for home mortgages and new automobiles

greater profits for large corporations

increased money for social programs

7. Which was not an economic issue associated with Reaganomics?
(Points: 1)
large budget deficits

tripling of the national debt

increased inflation

increased inequality between rich and poor

8. What happened after the Reagan administration loosened regulations on savings and loan institutions (S&Ls)?
(Points: 1)
People had more investment opportunities.

Many S&Ls made bad loans and went bankrupt.

The S&Ls and their customers saw greater long-term profits.

The entire banking industry suffered as people pulled their money out of banks.

9. What was one result of environmental deregulation during the Reagan years?
(Points: 1)
Oil companies discovered many new sources of oil to reduce dependence on foreign oil.

Private logging firms made national forests more accessible to people.

Mining companies opened new kinds of mines that allowed them to reduce pollution.

Millions of acres of public land were opened to private drilling, mining, and logging.

10. Why were many conservatives in favor of government deregulation?
(Points: 1)
They thought the number of regulations had become excessive and hurt businesses.

They believed that government had no authority to regulate any aspect of business or industry.

They thought deregulation would help reduce inflation.

They wanted to increase tax rates and save money by deregulating.

11. Who is Sandra Day O’Connor?
(Points: 1)
the secretary of the interior during Reagan’s first term

the first woman Supreme Court justice

the president of the air traffic controllers union

the first woman secretary of state

12. What was the difference between traditional views of the Cold War and Reagan’s view of it?
(Points: 1)
Reagan favored eliminating communism, not merely containing it.

Reagan wanted a closer affiliation with communist nations.

Reagan did not view communism as a threat at all.

Reagan hoped that his foreign policy would persuade people to give up communism.

13. Who did not protest communism?
(Points: 1)
Alexander Solzhenitsyn and Andrei Sakharov

Lech Walesa and Solidarity

British prime minister Margaret Thatcher

Soviet leader Leonid Brezhnev

14. What was the Reagan Doctrine?
(Points: 1)
forming alliances with as many nations as possible

opposing communism in all circumstances

limiting the U.S. military as an example to other nations

opening new air bases in Pakistan and Afghanistan

15. What was Ronald Reagan’s weapons strategy?
(Points: 1)
a continuation of the mutually assured destruction (MAD) theory

a conventional and nuclear military buildup that the Soviets could not afford

a wait-and-see attitude to determine what other nations would do

an increased emphasis on nuclear weapons rather than conventional weapons

16. Who was Mikhail Gorbachev?
(Points: 1)
the Soviet leader who wanted to restructure the Soviet

Technorati Tags: approval ratings, budget deficits, camp david, conservative views, economic issue, home mortgages, hostages in iran, influence politics, iran hostage crisis, lack of confidence, large corporations, liberal views, loan institutions, lower taxes, new automobiles, political climate, reagan administration, ronald reagan, savings and loans, supply side economics

When Ronald Reagan shuffled the nation by encouraging us to embrace FreeEnterprise we all "felt good" and it worked. But it grew into a corporate capitalism since then, so hated by Karl Marx and now look what it has become: BigBanks need a bailout.They get it at a low %, while our credit card interest rates remain high. Is that how capitalism is supposed to work?
The Washington-based Center for Economic and Policy Research calculated that the below-market rates offered by the Federal Reserve to JPMorgan Chase — and 17 other large banks — accounted for 41 percent of the profits at Dimon’s banks.

They accounted for 47 percent of the profit at Bank of America, the group said.

A report by the CEPR compared the rates the Fed charged large banks to the rates it charged smaller banks.

The difference amounted to 0 for each of the 120 million families in the country — or roughly billion.

"Most people, if you asked them what do you want to do with 0, I doubt the answer would be, ‘Why don’t we subsidize the large banks?’" said Dean Baker, the group’s co-director. "A lot of things we think are important cost much less — billion annually would go a long way to subsidizing health care [costs for American families]."

Financial experts blasted the subsidy as corporate welfare.

"It rewards their irresponsible behavior in the past and encourages them to do the same thing again in the future," said Simon Johnson, a professor at MIT’s Sloan School of Management.
If a company fails it goes bankrupt. But if a corporation fails it gets a bailout. What are the benefits to taxpayers if any?
When corporations form by buying up large amounts of small companies they should be made clear that if ever in the future they fail, they ought to sell off the smaller entities before begging for bailouts. And guess what, this is EXACTLY what happening now (in Europe) after the public’s outrage.

Technorati Tags: american families, bailout, bank of america, cepr, co director, corporate capitalism, corporate welfare, credit card interest, credit card interest rates, dean baker, dimon, financial experts, health care costs, irresponsible behavior, jpmorgan chase, karl marx, quot, ronald reagan, simon johnson, sloan school of management

It’s a matter of pay now or pay letter. Republicans are all for lower taxes and smaller government except when their greed gets them in financial trouble.

Here is the issue that you are dealing with… Since the Stock Market collapse of 1929 a system of checks and balances was instituted as the economy grew to keep greed in check. However, after Ronald Reagan took office and developed the theory of Trickle Down economics, They began to chip away at several levels of checks and balances. One of the first levels that they attacked were the Unions. Unions offered a level that reported abuses in the labor market. Second was deregulation where they actually removed regulation by allowing business to move off shore where inspection and over sight where non-existent… then they moved to gut the budgets of regulatory agencies that were left, to stop over-site. Usury laws were thrown to the wind and bankruptcy laws were changed to protect the rich. (Look up Usury Laws)

Example: There are only 8 inspectors for all the livestock sold for food in California. Providing 30 percent of all the meat eaten in the United States and exported.

The result is that you have lead painted toys for your children to play with, food is polluted with chemicals and Salmonella and Wall Street Collapses in a heap and your 401K falls through the floor while Oil prices shoot threw the roof because they changed the rules to allow speculation in the Oil market and fought alternative energy. All the while the Republicans keep claiming your taxes are to high and the reason is it’s Ear Marks were causing it which equal less than 1 percent of the US budget .

We need to start thinking smarter and get back to enforcement of good sound banking rules and reduce greed out of the equation. We need over sight at all levels of both government and business. We need to pay those taxes necessary to enforce regulation and stop investing billions in "Wars to No Where". Think where we would have been financially if we had not swallowed "Georges War to No
Where" based on a lie.

Wake up America!!! Obama for President

Technorati Tags: 401k, alternative energy, bankruptcy laws, billions, checks and balances, deregulation, financial trouble, greed, heap, lower taxes, market collapse, oil market, oil prices, regulatory agencies, ronald reagan, salmonella, stock market, system of checks and balances, trickle down economics, usury laws