Keep Your Terrible Presidents off My Money

GE is loving on Ronald Reagan like white on rice.

And I can see it from GE’s perspective – Reagan’s signature accomplishment was spending the USSR into the ground, and it worked, and it helped companies like GE and Bechtel and Boeing along the way. (We’d do well to recall this lesson when setting economic policy, but that’s another story).

The important lesson is that Reagan was, essentially, a terrible president, ignorant and reactionary in the George W. Bush vein. Despite his big smiley friendly veneer, he was a monster. Let us remember his attack on Medicare:

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