The US dollar has been a powerful tool for presidents throughout the years, from Ronald Reagan to current Florida Governor Ron DeSantis. The dollar has been used to manage the economy, broker deals with foreign countries, and even to help get presidents re-elected. But what impact does the US dollar have on the presidency? This article will explore the influence of the US dollar on the presidency, from Reagan to DeSantis.
When Ronald Reagan took office in 1981, inflation was at an all-time high and the economy was in a recession. To combat this, Reagan implemented an economic plan known as “Reaganomics”. This plan included a massive tax cut, deregulation, and a tight monetary policy. To help pay for these policies, Reagan proposed a new tax system that included a strong dollar. Reagan believed a strong dollar would help attract foreign investors and encourage spending.
Reagan’s policies were controversial, but they worked. The strong dollar helped revitalize the economy and by the end of Reagan’s presidency, inflation was at its lowest rate in years. Reagan’s success with the dollar earned him widespread support, helping him win a landslide victory in the 1984 presidential election.
The US dollar has had an even greater impact on presidents since Reagan. In the 1990s, President Bill Clinton partnered with House Speaker Newt Gingrich to pass the North American Free Trade Agreement (NAFTA). This agreement was instrumental in promoting economic growth and creating jobs in the United States. To make this deal work, Clinton had to make sure the US dollar was strong. He did this by devaluing the dollar, which resulted in higher interest rates and a more stable currency.
The US dollar has also been a key component in foreign policy. In the 2000s, President George W. Bush used the dollar to broker deals with various nations, including Iraq and Afghanistan. Bush also used the dollar to help fund reconstruction efforts in the Middle East.
Most recently, Governor Ron DeSantis of Florida has used the dollar to help fund his presidential campaign. In May of 2021, DeSantis signed a bill that gave him control of the Walt Disney World Resort, allowing him to use the resort as a platform for his presidential run. DeSantis also used the money from his super-PAC to host his first fund raiser.
The US dollar has been a powerful tool for presidents throughout the years, from Reagan to DeSantis. The dollar has been used to manage the economy, broker deals with foreign countries, and even to help get presidents re-elected. The dollar has had a huge impact on the presidency, and will likely continue to do so for years to come.
