Ronald Reagan 1980 presidential campaign clinch the nomination for the Republican Party. His opponent in the general election, incumbent President Jimmy Carter, passed the delegate threshold to become the presumptive nominee of his party on June 3. On May 26, George H. W. Bush, Reagan's remaining opponent for the Republican nomination, conceded defeat and urged his supporters to back Reagan. Ronald Reagan's choice for vice presidential running mate had been a subject of speculation since the end of the primaries. When former President Gerald Ford revealed in a CBS interview with Walter Cronkite that he was seriously considering the vice presidency, Ford garnered a great
Political positions of Ronald Reagan growing national debt and budget deficit. In order to cover the growing federal budget deficits and the decreased revenue that resulted from the cuts, the U.S. borrowed heavily both domestically and abroad, raising the national debt from $1.1 trillion to $2.7 trillion. Reagan described the new debt as the "greatest disappointment" of his presidency. Reagan was a supporter of free trade. When running for President in 1979, Reagan proposed a "North American accord", in which goods could move freely throughout the U.S., Canada and Mexico. Largely dismissed then, Reagan was serious in his proposal and once in office he signed