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The long and the short of it. Oil crisis and Reagan's hostage sabotage in Iran. It's really not that much different to anything today. Listen to any conservative complaint about contemporary Democrats and you will hear clear inane echoes.
He told Americans that we just need to tighten our belts and we will get through it. As he had personally done as a young member of the silent generation during the depression. Reagan told them all they were special little sausages. And should cater to their every greedy Indulgence. I'm sure you can guess which message they liked better. The same message they got this time.
Americans have not and will never learn their lesson as long as the wealthy own the media. Telling people what they want to hear. And turning them against those that would help them in any way.
That fucking asshole killed our conversion to metric. Carter had us pretty well on the way.