Final answer:
Critics of Reagan's conservative policies believed they led to an increasing disparity between the rich and poor, exacerbated by regressive tax policies and the concept of 'Reaganomics.' They argued these policies favored the wealthy and didn't sufficiently generate high-wage jobs or prevent investments moving overseas.
Step-by-step explanation:
Critics of Ronald Reagan's conservative policies pointed out several problems that they believed were the result of his presidency. The key issue identified by these critics was the increasing disparity between rich and poor, which they attributed to regressive tax policies that favored the wealthy. These policies, while reducing inflation and unemployment, did not necessarily lead to the creation of high-wage jobs that paid above the poverty level. Additionally, there was concern that corporate tax cuts led to investments in manufacturing facilities overseas rather than in the United States.
Another critical issue was related to social policies and government intervention. The administration's firm stance on defense spending and the idea of supply-side economics known as 'Reaganomics', suggested that benefits for the wealthy would 'trickle down' to lower-income classes, which was a point of contention for critics. This approach was seen to exacerbate problems between socioeconomic classes and failed to address the growing needs of the less fortunate.