Short answer: No.
If you actually believe in limited government, in allowing people to reach their potential and keep their work's rewards, this argument is just ridiculous. In essence, you are saying that Reagan's (or general conservative/libertarian) ideas are only truly attractive when looked at from some of the worst years since World War II.
Needless to say, I don't think that's the case. Limiting government is attractive, both in a practical and idealistic sense, at any time, compared to any other form of government.
If you think Reagan's great only when compared to Carter, I don't think you really know the meaning of the word 'great'.
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