Crossword Genius

President's earlier a failing, ungrateful character (5)

Ross

I believe the answer is:

regan

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'failing ungrateful character' is the definition.
The definition suggests a singular noun which matches the answer.

'president's earlier a' is the wordplay.
'president's earlier' becomes 'reg' (I can't explain this - if you can you should believe this answer much more).
'a' becomes 'an'.
'reg'+'an'='REGAN'

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(Other definitions for regan that I've seen before include "Possessed gir" , "role at Stratford" , "Princess" , "part of 1 25 [KING LEAR]" , "better half of Cornwall" .)

I've seen this clue in The Times.
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