The strategy worked like a charm, and in 1980 Jimmy Carter was swept away like offal by the "Reagan Revolution," which ushered in eight years of berserk looting of the federal treasury and the economic crippling of the middle class. That was the eighties, folks. That was the feeding frenzy of the New Rich, who found themselves wallowing in excess profits as their maximum income tax rate got chopped down to 31 percent and who were welcomed like brothers in the White House at all hours of the day or night.
The strategy to undermine Jimmy Carter's presidency proved effective, leading to his significant defeat in the 1980 election, which marked the beginning of the "Reagan Revolution." This era was characterized by extreme financial excess and a stark redistribution of wealth, primarily benefiting the affluent. The federal treasury was exploited during this time, significantly harming the economic stability of the middle class.
The 1980s became a time of lavish excess for the...
