However, Reagan’s monetary policies in 1981 completely aborted, and in fact, worsen the recovery. But that was just the beginning.
He was hardly the demigod that some ardent Republicans claim he is, but he was definitely one of the better Presidents of the second half of the 20th century.Although he may have done some risky actions, Reagan was still one of the greatest leaders of our country. He was like our father or our grandfather… Reagan inspired us to believe in the power of the individual, in the small business owner, in the strength of our military and the humility of those who live it… He was the last "good president" we had. When martial law descended on Poland, Reagan tried to organize an economic blockade of the Soviet Union. In addition to lacking the perspective that time alone can provide, we are impaired by two features that inhere in the office. These are admittedly large ifs.It is in the realm of the substantive rather than the symbolic that future generations will raise the greater number of questions about Reagan. Yet it will be difficult even for those in sympathy with him to argue that he has achieved greatness.A leading conservative intellectual defends charter schools against the teachers’ unions, politicians, and liberal educators who threaten to dismantle their success.All told, in my judgment as a conservative Democrat, President Reagan will be remembered more for the opportunities that slipped from his grasp than for achievements that reshaped the American political landscape. In this more than in any policies or decisions lie his legacy and enduring claim to greatness.Those who question Reagan's conservatism or wonder whether he has made a genuine difference lack a sense of historical perspective.
Also, he just so happened to get very, very lucky in the ending of the Cold War. Greatness requires more than heartfelt good intentions and an occasional success. It was the putting into place of fiscal policies, collectively known as "Reaganomics," that have produced the longest peacetime period of sustained economic strength in this century.
He was good, not great, but good and that is something America is having a bit of trouble with now a days. Accordingly, such presidents as Lincoln, Wilson, and Truman, whose personalities were far from charismatic and who were regarded as failures by most of their contemporaries, can come to be regarded as great; and the likes of William McKinley and John F. Kennedy, immensely popular when in office (and for a brief time after their martyrdom), can subsequently come to be viewed as ciphers.The opinions expressed on this website are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University.As for comparisons: Reagan has been an uplifter and rhetorician comparable to the two Roosevelts and Wilson; a conservative exponent of capitalism in the tradition of Coolidge and Eisenhower; a cold warrior and advocate of U.S. international leadership akin to Truman, Kennedy, and Nixon.
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