Its hard for people like me to imagine what Reagan was as a president since his presidency cam before my birth. From what I've read though, it sounds like he had little understanding of how economics and government really worked and played on the fears of whites against the "welfare queen" phenomena, leading to significant defunding of mental health institutions leaving a lot of those people on the streets (i.e. homeless).

If he also caused a step back from large scale public investments... wow, this man has certainly done a lot of damage.