THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT RONALD REAGANS FOREIGN POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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opening trade talks with Cuba
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drastically reducing the military budget
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deregulating the airlines and savings and loans industries
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raising taxes to address the deficit after a promise not to
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Detailed explanation-1: -In domestic affairs, Bush faced a large federal budget deficit that had grown to threefold since 1980. Despite insisting he was pledged to not raise taxes, Bush agreed to a budget with the Democratic-controlled Congress that raised taxes and cut spending.
Detailed explanation-2: -He ordered an invasion of Afghanistan to overthrow the Taliban, destroy the terrorist group al-Qaeda, and capture Osama bin Laden. He also signed the controversial Patriot Act in order to authorize surveillance of suspected terrorists.
Detailed explanation-3: -In October 2008, the Bush Administration and Congress enacted a rescue package to stabilize the financial system by creating the Troubled Asset Relief Program (TARP). Together, TARP and the GSEs accounted for almost $250 billion of fiscal year 2009’s record deficit (including the related debt-service costs).
Detailed explanation-4: -Which statement best describes economic conditions when President George H. W. Bush took office? The United States had a growing national debt.