The Presidency: A Midterm Report Card

No President can achieve all his goals in two years, certainly not if his performance is matched against the invariably overblown rhetoric of his platform and campaign speeches. Nonetheless, midterm is an appropriate point for an interim assessment of how well Ronald Reagan is doing in pursuing the main themes of his presidency, which he sketched with unusual clarity and force as a candidate. It is a mixed record.

Inflation. The 1980 G.O.P. platform called it "the greatest domestic threat facing our nation." Curbing it has been Reagan's standout success: the annual average rate of price increases has tumbled from 13.5% in...

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