President Reagan was the 40th president of the United States and served from January 1981 to January 1989 as a Conservative leader. Conservatives believe in strong traditional values, free markets, and a limited government. Most conservatives blame the government for the country’s financial catastrophe. President Obama was the 44th president of the United States and he served from January 2009 to January 2017 as a Liberal leader. Liberals value freedom, equality, and are more accepting of change. This group blames “private sector participants” (Conservatives vs. Liberals) for the financial downfall. A private sector participant is a part of the national economy that is not under government control. Liberals and Conservatives have always had …show more content…
He created what was called “Reaganomics”. Reagan wanted to restore America to being financially stable again. He wanted to cut taxes down, regulate free trade and to, “make the dollar good as gold” (Moore). He essentially wanted to give a single dollar value again because it seemed like its small value was becoming unimportant and unusable. He believed that, “Free men and free enterprise should be the guiding forces in a prosperous and just society” (Moore). Under Reagan was the greatest economic increase in history. After him, the market escalated for 18 consecutive years. On top of that, he also created 15 million new jobs for Americans. From improving the economy to giving his people new opportunities through work, President Reagan was very prosperous. He was very popular and definitely set the bar high for forthcoming presidents. Reagan’s ideas and beliefs will shape the thoughts of future leaders …show more content…
This was known as, “the worst economic disaster since the Great Depression of 1929” (Amadeo-Obama). One of Obama’s first orders of business was the American Recovery and Reinvestment Act of 2009. The idea of this was to give $787 billion back to the American people through new benefits for the unemployed and disabled, and also through cutting down taxes. In turn, this put about $250 billion back into the economy and got us out of the deep economic hole we were in. One of Obama’s campaign promises was to improve healthcare for the people. With this, he created “Obamacare” or the Affordable Care Act. This put, “95 percent of the population on health insurance” (Amadeo-Obama). Obamacare allowed all Americans, despite where they worked or if they had health issues, to have a reliable health care. Most insurance companies refused to cover treatment for mental health issues and addiction patients because, “these patients can be the most expensive to treat” (Amadeo-Obama). It was Obama’s goal to take his Liberal standpoint and give everyone equality. The Affordable Care Act took a lot of criticism because people who were not working, not trying, and had no mental disabilities were getting the same health benefits of people who had full time jobs. After his eight year term, although he tried extremely hard to reduce the financial deficit, he naturally