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1.
The eight long years from Jan. 20, 1981-Jan. 20,1989. The Republican president, Ronald Wilson Reagan worked hard as commander in chief in the war on the middle class. The heinous eCONomic policy called "trickle down economics" or Reganomics cut taxes on the big businesses and the rich. This shifted the tax burden to the middle class and tripled the national debt. Dennis Miller described "trickle down" best when he acknowledged this truth: "they admit it-- they're gonna piss on you!"
Along with the terrible eCONomic policy, Ronald Reagan worked to destroy unions (remember air traffic controllers' strike?) During the Reagan Administration, the U.S. backed Saddam Hussein during his war with Iran and helped to establish the Taliban to help Afganistan fight off the Soviet Union. (Funny how the G.O.P. changed course on this)
Overall, the Reagan Administration was an awful, inept or just plain evil bunch of crooks. The bad effects of this era are still haunting us 20 years later.

The fact that theRepublican Party idolizes Reagan today is mind boggling!
by Charles_U_Farley July 30, 2009
 
2.
to refer to something as very old, to date it back to the Reagan Administration (1981-1989)
Did you go to class today?
I haven't gone to class since the Reagan Administration.
by Taternaters November 24, 2007