DONALD T. REGAN
(Donald Thomas Regan)
This quotation illustrates the early Ronald Reagan administration who were very ideological—so much they would not even recognize the Chrysler bailout policy results as a success and take some of the credit for saving a major American corporation. (Even though most economists and political pundits gave them credit for a large success.) As the pressures of the national and world problems pressed on them, the President became much more pragmatic although some of his team were still zealous ideologues.
Donald Thomas Regan was the 66th United States Secretary of the Treasury from 1981 to 1985 and the White House Chief of Staff from 1985 to 1987 under Ronald Reagan. In the Reagan administration, he advocated "Reaganomics" and tax cuts as a means to create jobs and to stimulate production.
