Hey, I was around in that time too. I don't deny that it was hard for some, but if you really want to get down to it, it was a recovery period by most economists' estimation... except for the recession during Bush Sr's term- and that on the heels of the (until then) longest peace time recovery in modern history.
In fact, if you really want to get down to it, the hard times you refer to had to be better than the hard times of the second half of the 70's- the Carter years. Yes, I remember those years, too. I remember "malaise". The Reagan/Bush Sr years don't even hold a candle to that, sorry to say. Am I to therefore say Carter screwed up the economy? Of course not. The oil crisis, the rise of OPEC, the insurgence of competitive foreign import economy cars... the reasons go on and on.
So... to be totally fair and in context, Reagan brought us out of the Carter years, right? And, if economic cycles are to be considered the norm, recessions are balancing actions that occur more-or-less in repeatable and predictable cycles. 8 relatively strong years and a short recession (I was around '88-'92) would be considered normal, even pretty good.
Now, push that all out of the way and get right to it- the economy has more to do with the interaction of our economy with foreign markets and domestic confidence than anything a president can do, correct? The president has the best chance to impact the market in the domestic arena of consumer confidence, or perhaps to suggest legislation for reform of some form or another, but that is about it. Carter- what'd he do? Reagan? Bush Sr? Clinton? And Bush Jr?
Please, Toad or DMF (or anyone else), correct my recollection as you will.
Democracy is dead.....Long Live King Chimpy!
I guess I don't see the impetus for this comment or viewpoint.