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"Government's view of the economy could be summed up in a few short
phrases: If it moves, tax it. If it keeps moving, regulate it. And if it
stops moving, subsidize it." Ronald Reagan
biggest economic factor pushing the index up was the surge in stock
prices during March, a month when the stock market soared to record
heights...They base this hope on a belief that a dramatic plunge in oil
prices, the lowest interest rates of this decade and a weaker dollar
will all contribute to stronger growth in the U.S. economy...gross
national product, was expanding at an annual rate of 3.2 percent in the
first three months of the year...
RETRO-SPECTIVE THE DECADES PAST:
Life in the 1980s
Morning In America
The most amazing event I have seen so far in my life happened in 1989.
I never thought I would see the day when the Berlin Wall came down. I was talking to my kids a couple of years back and somehow communism came up. I started to explain, and then it hit me...they were born in 1991 and 1993 and NEVER KNEW THE COLD WAR.
They had no idea that there were once TWO superpowers in the world, and that these Superpowers had had nuclear missiles pointed at each other for 40 years. So many missiles, that had a war broken out, the earth would have been reduced to a dark pile of rubble. Few would have survived that war. Fewer would have wanted to.
I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones. Albert Einstein
They had no idea that the nuclear blast scene in the movie The Terminator was probably a pretty good representation of what could come. They never watched The Day After thinking "this might just happen". I remember watching that TV movie in 1983 about the day after an all out nuclear war. I was a freshman in college and about 100+ students crammed into the lounge to watch it on the dorm TV. When it ended, the room was dead silent. Out of fear. There weren't even any debates or political discussions or anything. Silence, shock and fear.
The 1980s was the decade of the Arms Race. We have mostly forgotten about it now that the Soviet Union is no more, but at the time it was pretty darn scary. Half of Europe was behind the Iron Curtain, and Berlin was a city divided by a BIG SCARY WALL. In some places there were actually two walls, and between them a no-man's-land full of razor wire and landmines to keep people from escaping. Heavily armed guards manned the watch towers at places like "Check Point Charlie" and had orders to shoot to kill.
So in the summer of 1989, when East Germans began to trickle into the West German Embassy in Budapest, and then Prague, I thought at first they would be arrested, or that there would be an east/west stand off. Never did I think that I would soon be watching jubilant East Germans on top of the Berlin Wall with ice picks as they dismantled it piece by piece. The gates opened, and the cold war ended.
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1986: Us Launches Air Strikes On Libya
In retaliation of Libya's involvement in the bombing of Pan Am Flight 103, President Reagan bombed targets in Libya. I happened to be doing a year abroad in West Germany that year and I took this photo from my window of a demonstration protesting President Reagan's actions - And President Reagan, too. (Bunch of leftists...) More on this at the BBC
The US Presidents
1980s Time Line
January 28th, 1986
CANAVERAL, Fla. (AP) - Space shuttle Challenger exploded into a gigantic
fireball 75 seconds after liftoff today, apparently killing all seven
The crew of the space shuttle Challenger, from left,
front: astronauts Michael J. Smith (pilot), Francis R. Scopee
(commander), and Ronald E. McNair; back row: Ellison S. Onizuka, Sharon
Christa McAuliffe, Gregory B. Jarvis and Judith A. Resnik. McAuliffe and
Jarvis are payload specialists representing the "Teacher in Space
Project" and the Hughes Co., respectively.