During this season of presidential politics, I see a lot references to the Reagan Years. Those years were seen by some as a great transformation and Ronald Reagan as one of the great presidents. I did not become well off during those years, I guess it was because I was not well off. Doesn't make sense? Maybe, but I thought I give my view of the Reagan Years. Its not the broader picture, just how things were, in my world. I believe most people vote looking at their own world.
I did not want Ronald Reagan to be president, because of an interview I saw with David Frost in the late seventies. During that interview, I felt as if he were living in the nineteenth century. He saw America not with unlimited abilities, but with unlimited resources to be constantly exploited. I also got the feeling that if you were not better off, something must be defective about you. During his campaign, it amazed me that he got some people who didn't have a pot to piss in, to think they were the middle class or just like him. Some of those same people actually thought they got a tax break.
When Ronald Reagan became president I became poorer. Nothing trickled down to me. All I can say positive was that I was still working.
In my world his tax break gave the company I worked for, another leased BMW, not one piece of capital equipment. Raises were frozen for a year.
His tax break took my loopholes away, e.i. interest on auto loans, credit cards,etc. So my tax bill went up. I had always paid taxes before. I never thought that in itemizing deductions of that interest was the same as a corporate tax shelter. Who knew.
The high interest on money market and certificates of deposit only benefited those who had money saved in those instruments. For others it meant 14 to 18 percent on home mortgages and up to 21 percent on an auto loans. My savings had gone to purchase a home and luckily before the interest rates had gone up.
For some reason, even though the oil crisis was over, heating oil and gas kept going up; my utilities doubled.
I wasn't impressed with Star Wars, because sometime money will not make technology jump ahead. I wonder when people make that argument for government funding of the NIH for cancer, why they cant see that for the Defense Department.
I did not feel his blustering speeches to the Soviet Union sped its collapse. It was already happening and had been for some time. It just that Americans don't pay attention.
I guess for many he implemented the policies they wanted, but I wish they would stop anointing him as a great president. I think greatness would be agreed by everybody.