Reagan Administration
President Ronald Reagan selected Regan in 1981 to serve as Treasury Secretary, marking him as a spokesman for his economic policies, dubbed "Reaganomics". He helped engineer changes in the tax code, reduce income tax rates and decrease taxes for corporations. Regan unexpectedly swapped jobs with then White House Chief of Staff James Baker in 1985. As Chief of Staff, Regan was closely involved in the day to day management of White House policy, which led Howard Baker, Regan's successor as Chief of Staff, to give a rebuke that Regan was becoming a "Prime Minister" inside an increasingly complex Imperial Presidency. Regan was eventually forced to resign because he was unable to contain the continuing political damage being done to President Reagan by public exposure of the Iran/contra scandal.
Regan's book, For the Record: From Wall Street to Washington (ISBN 0-15-163966-3), exposes his disagreements with First Lady Nancy Reagan, including claims that Nancy's personal astrologer, Joan Quigley, helped steer the President's speaking decisions.
Read more about this topic: Donald Regan
Famous quotes containing the word reagan:
“So in your discussions of the nuclear freeze proposals, I urge you to beware the temptation of pride—the temptation blithely to declare yourselves above it all and label both sides equally at fault, to ignore the facts of history and the aggressive impulses of an evil empire, to simply call the arms race a giant misunderstanding and thereby remove yourself from the struggle between right and wrong, good and evil.”
—Ronald Reagan (b. 1911)