You sounds like an Obama lover to me. Only Liberal blind zombies defend Obama.
I'm going to ignore most of the fighting going on between you two, because I want to focus on one point:
During Reagan's administration, the deficit went from 1 trillion to 4 trillion.
Factor in inflation, and 4 trillion back then is equal to about 13 trillion today.
Since the deficits are about on par in terms of real purchasing value (i.e., what you can buy), I believe the following comparison is a fair one:
The bailout started with W, before Obama added on to it. So in terms of scale of change:
Reagan quadrupled our deficit
Obama less than tripled it.
And yet Reagan is the one championed as "fiscally responsible."
(And before you start making assumptions of my political leanings, I like Nixon, Bush Sr, and Clinton. I hate Carter. Though to be fair, I think everyone hates Carter)