Latest news with #Reagan
Wall Street Journal
31 minutes ago
- Automotive
- Wall Street Journal
Ronald Reagan Was No Protectionist
During a debate that I participated in at the Harvard Club of New York in December, Oren Cass, founder of the think tank American Compass, tried to draft President Ronald Reagan into the ranks of trade protectionists. Mr. Cass quoted a claim that Reagan was 'the greatest protectionist since Herbert Hoover' and said that he 'took repeated aggressive protectionist trade actions against the Japanese in particular.' Mr. Cass's argument, now a standard protectionist claim, was that because Reagan in 1981 agreed to a temporary voluntary restraint deal limiting the number of Japanese automobiles that could be imported into the U.S., he was a protectionist. I pointed out to Mr. Cass that I saw Reagan 'at least once a week' during that period while I was working on the president's budget, which I co-authored in the House, and could attest that the president hated the deal. He agreed to the compromise only to prevent lawmakers from passing more extreme protectionist legislation. Several historical events led up to the Japan agreement. The U.S. emerged from World War II with a monopoly in heavy manufacturing because our industrial base was new and intact while most of the developed world's factories were largely in ruins. That started to change after the first Japanese Toyotas rolled off the ship in Los Angeles. By the 1970s, America's auto monopoly faced growing competition on quality and price. Foreign auto imports surged, putting financial stress on an industry that had become noncompetitive. Congress responded by bailing out Chrysler Corporation, which was on the verge of bankruptcy, in 1979. In March 1981, the presidents of America's Big Three automakers—General Motors, Ford and Chrysler—visited Washington to announce that their ability to continue producing cars in the U.S. was in doubt and to plead for help. Unemployment, inflation and interest rates were near postwar highs. Any hope of passing Reagan's 1981 budget in the Democratic-controlled House would require a near-unanimous Republican vote, which at the time was incredibly rare.
Economic Times
2 hours ago
- Politics
- Economic Times
'Biden failed 300K kids...': Noem's stunning accusation against ex-President over human trafficking
US: Homeland Security Secretary Kristi Noem spoke at a dinner honoring President Reagan at the 2025 Conservative Political Action Conference near Washington, DC. In a fireside chat with Mercedes Schlapp, Secretary Noem discussed the unconventional way that she became secretary, her experience joining field operations in New York City, messaging and advertisement from the department, and cartel trafficking at the Southern Border. Show more 03:25 08:28 08:56 08:04 10:33 11:16 03:03 03:30 03:58 09:19 01:27 06:39 03:20 03:14 01:54 02:44 08:38 09:24 10:58 03:37 13:11 10:00 03:02
Indian Express
20 hours ago
- Politics
- Indian Express
July 23, 1985, Forty Years Ago: Kanishka explosion
Doubts over the possibility of an explosion aboard the Kanishka flight are fast disappearing. Those who have heard the Shannon ATC tapes and the cockpit voice recorder (CVR) are now fairly certain there was an explosion on board the aircraft. In the Shannon ATC tape there is a four minute, three second silence after the captain's final talk with the ground station, punctuated only by beeps. Then suddenly, there is a prolonged rumble, followed by a series of lower rumbles, one loud rumble and a piercing human shriek that dies out suddenly. Rajiv-Longowal meet The Akali Dal (L) president, Harchand Singh Longowal, will meet PM Rajiv Gandhi in New Delhi. This will be the first contact between the Akali Dal leadership and the government since early 1984, when talks on the Punjab problem broke down. The meeting, which has come about at the Prime Minister's initiative, will be held in Parliament House. PM talks to Reagan Prime Minister Rajiv Gandhi said that he told US President Ronald Reagan that India would be hard-pressed to counter the nuclear threat from Pakistan if that country persisted in its efforts to acquire a nuclear bomb. Although there were many points of divergence, Gandhi said he found Reagan to be 'very frank'. DDA flats inspection The Supreme Court appointed the chief engineer (quality control) of Delhi Development Authority as its commissioner to inspect the condition of the low-income group flats in KG 11, Vikaspuri, which were allegedly on the verge of crumbling down. In a petition, the KG 11 Residents Welfare Association said the condition of the flats, where over 400 families were living since 1982, was fast deteriorating.
Wall Street Journal
a day ago
- Politics
- Wall Street Journal
The Butler, Pa., Debacle Was No Surprise
I can't agree that the 'The Secret Service Failure a Year Later' (Review & Outlook, July 16) 'boggles the mind.' Rot from poor leadership and DEI mandates promoting incompetence and discouraging merit leads to imperceptible cracks in performance at first but overtime it destroys an organization. If employees don't respect the boss or process, they slowly stop caring. I served in the Army under four presidents from 1973 to 1987 and the change in morale and productivity from Nixon to Reagan was palpable and inspiring. We suddenly felt we were on the right side of history. That military recruitment is up shows confidence and pride in our new leadership and suggests we are on the right track. Let's hope so or else we'll have another entirely predictable disaster.
Los Angeles Times
a day ago
- Politics
- Los Angeles Times
Letters to the Editor: Kristi Noem should take a cue from President Reagan when it comes to L.A.
To the editor: Thirty-nine years ago, President Reagan stated in a news conference, 'The nine most terrifying words in the English language are 'I'm from the government and I'm here to help.'' Reagan was held in the highest regard by Republicans for decades. Last month, Republican Homeland Security Secretary Kristi Noem said, 'We are staying [in Los Angeles] to liberate this city from the socialists and the burdensome leadership that this governor and that this mayor have placed on this country, and what they have tried to insert into this city' ('After six months under Trump, California and L.A. are battlegrounds. Who benefits?,' July 20). It's amazing how the party of Lincoln would pivot to the party of being hypocritical. When it comes to state's rights, President Trump has endorsed them when they work to his benefit. Meanwhile, we have local elections for mayors and governors. If we don't like what our elected officials do, we can vote them out or recall them. And those who don't like the results can move to a state that's more to their liking. The system works when the federal government doesn't interfere. Noem, pay attention to Reagan. Don't help. Steve Saeta, Santa Rosa Valley .. To the editor: California versus President Trump? Too limited. It's Trump versus the media, the judiciary, education, healthcare, science, immigrants, trade and political alliances, foreign aid, climate change, lower and middle classes, academia and truth, democracy and the Constitution themselves. Winfield Wilson, Redondo Beach
