I think Reagan's Presidency offered a lot of good and a lot of bad. However, I also believe that the policies of his administration probably contributed more to the economic weakness of the US today than the policies of any other President with the possible exception of GWB. His was the Presidency that launched to belief that deficits were not a problem if done to reduce taxes or increase military spending. His policies led directly to bankrupting the Saving & Loan industry and undermining the financial stability of private pension plans that continue to be bailed out be taxpayers as a consequence. Linked to this, his administration's policies helped stimulate a wild west style of corporate management in which the long term future value of a company was sacrificed without thought to achieve short-term gains and the bonuses that went with them. These factors continue to haunt us today and are truly a core part of the Reagan legacy.
I'll take the river down to still water and ride a pack of dogs.
"All those things bother me: The populism, the lying and the scapegoating and the xenophobia bother me, but then there’s a layer of incompetence here. I suppose, in a way, we should be thankful: If he had a coherent ideology, he’d probably be more dangerous." P J O'Rourke
A Hew-ism, if you will.
Enjoy your sandwich.
God Bless PFC Jamie Harkness. The US Army's newest PFC, but still our neighbor's little girl!