When Reagan started in ‘80, there was a huge mess to clean up.
Very similar to now.
The 80s turned out to be a very good time.
And we had a severe recession early in Reagan’s first term, as he and Volker stopped Carter’s runaway inflation. But then the economy flourished and Reagan won a historic landslide in 1984.
When Reagan took office in January 1981, rates were touching 20%. 34 years later, rates weren’t even a quarter of that, so I don’t think the situations are parallel.
Someone was a good communicator.