4 Nov 1980 Jahr - 1980 election: Reagan wins

Beschreibung:

- rival of H.W. Bush in 1980 primaries, who was against Reagan's economic policy
- GOP convention united Goldwater Libertarians and religious conservatism
- wins with a 489-49 margin, but barely 50% of the popular vote
- low election turnout

- administration understood how to utilize the press

- tax cuts --> economic growth / trickle down economics, Laffer curve
- Feb 1981: proposed massive package of tax cuts to a joint session of congress, received mildly
- mid Mar. 1981: Reagan has a 59% approval rating
- Mar. 30 1981: John Hinckley Jr. attempted to assassinate Reagan, saving his political standing and a 7% approval rating increase
- Aug. 13 1981: Economic Recovery Tax Act

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