It was all made up, Eric! That was not really Soviet propaganda. It was a White House briefing full of faked stuff.
As for Soviet propaganda about America, didn't you ever read Крокодил? I have a stack of issues dating back to the Brezhnev and Krushchev eras and they actually pointed out the flaws with capitalism fairly accurately. In fact, I was leafing through some of them recently and it struck me that the cartoons in them are still quite relevant today. In fact, maybe especially relevant.
This one, for example about sums up the corruption in DC...
But where America really "out did" the Soviets was in our movies. All the movies like Red Dawn which portrayed Russians with such bad stereotypes that to this day, a majority of Americans still cling to them! In American movies, Russians seem to fit into one of three categories:
1. Evil Russky
2. Cannon Fodder
3. Comic Relief
For more about America's bad stereotypes of Russians, these articles are helpful:
Russian Stereotypes: Western perception of Russia as seen through Russian’s eyes. Part I. | Russian Universe
Representation of Russia(ns) in Western Popular Culture: Klyukvification and Russian Character Types. | Russian Universe
The USSR never created movies with such terrible stereotypes about Americans, at least none that I ever saw. In fact most of their movies were based on literary works or сказки.
American propaganda is the best in the world, but personally that is not a fact I am proud of.