America is deep in economic recession. Unemployment reaches alarming highs. A new president takes office and institutes urgently needed policies to rebuild the nation. Is this 2009? Or 1981?

President Ronald Reagan. President Barack Obama. Two leaders at opposite ends of the political spectrum, both faced with a nation in need of direction and policy change. But how does a presidential administration go beyond merely reacting to events to effectively shape America’s economic agenda?

A little-known policy blueprint, drafted in the early days of Ronald Reagan’s presidency, sheds light on that fundamental question on which the future of the country literally depends. President Ronald Reagan’s Initial Actions Project is the first-ever release of the document that guided Reagan to unprecedented success in his first six months in office and the years that followed. In concise, clear language, the action points for Reagan’s economic policy are put forth, and the seeds of a visionary presidency are planted.

As a model for a new president facing the daunting demands of a nation in turmoil, the significance of the IAP report has never been more timely—and the parallels never more uncanny. History proves that President Reagan knew the policies that lead to economic growth; will Barack Obama overturn this invaluable legacy? Only time—and history—will tell.

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