Well, I was there, and I say it wasn't. "Double digit inflation" seems like a giveaway that you at best have skimmed the history. Inflation was ultra high very briefly very early in the 80s. Do you know the name Volcker?

Japanese cars became mainstream. People started to become interested in anime. Nobody remembers or noticed what Reagan said, unless the hivemind/AI decides to resurrect it now and pound cherry picked things into our heads until we assent that Eurasia was always at war with Eastasia.

You can debate until you turn blue, but it's lazy revisionism.