Who was President in 1985, what was the fiscal policy?
Obviously, Reagan was president and he was also a "borrow and spend" guy with a "tinkle down" fiscal policy, just like Bush. Make the wealthy wealthier and they'll spend and invest more so that some of it will wind up in the hands of the smaller guy. With the following results.
"WASHINGTON - Home foreclosures soared to an all-time high in the final quarter of last year, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy."
"Data highest since 1985, shows housing pain, threat to economy."
Arf