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In the U.S. the [[Reagan era|Reagan Era]] of conservative national policies, deregulation and tax cuts took control with the election of [[Ronald Reagan]] in 1980. By 2010, political scientists were debating whether the election of [[Barack Obama]] in 2008 represented an end of the Reagan Era, or was only a reaction against the bubble economy of the 2000s (decade), which burst in 2008 and became the [[Great Recession|Late-2000s recession]] with prolonged unemployment.
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