Oh, absolutely. On that point, Reagan and Gorbechev were a perfect match. Both ignored advice at the right time in the right way. Most of my criticism of Reagan is most of the other stuff. Central America. War on Drugs. Punishing working families with bizarre tax codes. One affected me personally and directly: A mortgage is a liability right? It’s a debt you owe a bank. But not in Reaganomics which weren’t so much his fault but folks like Newt Gingrinch and others in Congress who yielded much power: For a VERY short time a mortgage was considered an ASSET so that if you applied for loans such as college or car, having that mortgage counted AGAINST you. It was treated as liquid cash when it’s not. So, I could not get the full funding I needed to do more than 1.5 yrs of college. It wasn’t long after that, they fixed it and now mortgages are counted as a liability, as they should be. There were thousands of little “tricks” they snuck into the tax code during Reagan’s time. It’s not that Reagan caused it, but he either didn’t notice or care. But yes yes as a negotiator with Gorbechev he was brilliant.

Oh, absolutely. On that point, Reagan and Gorbechev were a perfect match. Both ignored advice at the right time in the right way.Most of my criticism of Reagan is most of the other stuff. Central America. War on Drugs. Punishing working families with bizarre tax codes.One affected me personally and directly:A mortgage is a liability right? It’s a debt you owe a bank.

But not in Reaganomics which weren’t so much his fault but folks like Newt Gingrinch and others in Congress who yielded much power:

For a VERY short time a mortgage was considered an ASSET so that if you applied for loans such as college or car, having that mortgage counted AGAINST you. It was treated as liquid cash when it’s not.

So, I could not get the full funding I needed to do more than 1.5 yrs of college.

It wasn’t long after that, they fixed it and now mortgages are counted as a liability, as they should be.

There were thousands of little “tricks” they snuck into the tax code during Reagan’s time. It’s not that Reagan caused it, but he either didn’t notice or care.

But yes yes as a negotiator with Gorbechev he was brilliant.