That's definitely an interesting idea. It probably wouldn't be made by John Carpenter, though, given the themes of OTL's They Live and many of his other films (particularly Escape from New York -- now that movie would fit right into Rumsfeldia). I wonder what happened to Carpenter -- he may have fled to the UK like many other filmmakers with suspect politics, or his career may have simply fizzled in the increasingly corporate Hollywood environment given that his '80s films were usually cult hits at best. Many of his films during that time only became hits on home video, and with TTL's Supreme Court having upheld the ban on videocassettes at the urging of the film and TV companies, that avenue is gone, at least in the US.
I also wonder how history is gonna treat the pop culture of '80s America. We've seen that Hollywood's basically either gung-ho propaganda or dripping Hallmark sentimentalism on the level of Christian films, with the Oscars having lost all credibility after being thoroughly politicized. Pop music is probably the same way, with manufactured, squeaky-clean idol singers for the kids and teens, heartland/arena rock for the grownups (albeit very sanitized; I imagine folks like Bruce Springsteen and Tom Petty are very much blacklisted for various reasons), and R&B still ghettoized as "black music" rather than enjoying crossover success like Prince, Michael, and Janet did. Something tells me that just about everyone, save for a few diehard, far-right nostalgics, is gonna utterly cringe at the memory of '80s movies and music, save for the underground stuff that managed to slip past the censors' notice, and not just because of its political associations.