Economic Recovery Program

On February 18, 1981, Reagan laid out his economic recovery program before a Joint Session of Congress. Reagan had previously outlined his recovery program in an Oval Office address on February 5, 1981, in which he displayed a dollar bill and 36 cents to show how inflation had reduced the value of a dollar since 1960.

Reagan made a further plea for enactment of his recovery program on April 28, 1981, following the assassination attempt on his life. Many economists credit this recovery progr...