President Ronald Reagan (R-CA) / Vice President George Bush (R-TX) ✓
Fmr. Vice President Walter Mondale (D-MN) / Senator Gary Hart (D-CO)
Instead of star-spangled "Morning in America" optimism, we get a nastier Reagan campaign focused on crime and abortion in a return to his '60s form. I kinda get the impression that Mondale chose Ferraro because he knew he would lose anyway and just wanted to make history, so here he might go with Hart as he seriously considered IRL. Also IRL, the Farm Credit System and the USDA were only forced to admit that a farm debt crisis even existed in 1985, but a continuing early 1980s recession might trigger a backlash in the Midwest early. It's still not enough.