A lot of the obsession with Reagan is Nostlagia, I think. I grew up during the Thatcher/Reagan years, I remember them well, though from a young teenager perspective, so I was shielded from the worst effects of it because I had no financial responsibilities. I can understand the pining for those times, but unless that person is 50 or over, I'd suspect rose-tinted glasses to be involved in their perspective of it.
I personally suspect it wasn't that we were better people back then, just that without the Internet and with a much less invasive News service with regards to the Government and its politics (Thatcher kept a close eye on the BBC, which was historically left-leaning), we were simply less aware of what was really going on until some time afterwards. As a teenager back then, if Reagan launched a cruise missile at an Arab country, it was because he was shooting at the 'bad guys', no questions asked. It got complicated after that, and many people have a genetic revulsion to stuff that is complicated, especially if it also involves Change.