Ronald Reagan 1980 presidential campaign Ronald Reagan 1980 presidential campaign Ronald Reagan, the 33rd Governor of California (served 1967–1975), announced his candidacy for President of the United States in New York City on November 13, 1979. On July 17, 1980, he became the nominee of the Republican Party for the 1980 presidential election. After receiving the Republican nomination, he selected one of his opponents in the primary elections, George H. W. Bush, to be his running mate. On November 4, 1980, Reagan carried 44 states and received 489 electoral votes to win the election. Jimmy Carter, the incumbent president, carried six states, as well as
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