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 under his predecessor, President Jimmy Carter. This view stemmed from his less-government intervention views. He had pledged to abolish the department, but did not pursue that goal as President. As President, Reagan removed controls on oil prices, resulting in lower prices and an oil glut. He did not reduce U.S. dependency on oil by imposing an oil-importing fee because of his opposition to taxation. He trusted the free marketplace. Lower global oil prices had the effect of reducing the income that the Soviet Union could earn from its oil exports. Political positions of Ronald Reagan Ronald Reagan was the 40th