text: Many such as yourself fantasize of the Reagan years of tax cuts and deregulation but ignore or refuse to recognize the over all damage that was done. During the Reagan era, the U.S. had massive white collar crime supported by congress (Charles Keating and the Keating 5); blatant insider trading on Wall Street; junk bond trading; corporate raiders who took over companies chopped them up, sold the assets then sent the jobs outside the U.S. Multi billion dollar budget deficits.... I could go on and provide you more facts of that economic era but space is limited. Yes Reagan's tax cuts did explode economic growth for the wealthy but not for the average US household. Reagan's economic policies accelerated the decline of the middle class.