The Presidency: A Modest Millionaire

The political harping, and press posturing, that Ronald Reagan is extravagant, self-indulgent and acquisitive is a bad rap. True, he Likes to run with California millionaires. He is one himself. But, personally, Reagan is quite a different type.

His richman image ballooned when he accepted four pairs of $1,000 cowboy boots with gold Presidential Seals. Then the White House announced the purchase (with private donations) of 4,372 pieces of china for $209,508, or about $ 1,000 a place setting. For politicians, image is often everything. Just when a President is about to...

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