It actually leaned heavily on the public sector:
Which president’s economic recovery benefited most from an increasing number of government jobs? Oddly enough, it was President Ronald Reagan, who successfully ran for re-election in 1984 by proclaiming it was “morning in America.” Reagan, running in a year when unemployment fell over a percentage point to 7.5 percent, is generally (and incorrectly) remembered as the first conservative president to dramatically shrink the size and role of government.
Ah, yes, Reagan the big insolvent government conservative. That part of his legacy, rejected by the first Bush, was never more fulfilled than under the second.
The Dish 