Or the redistribution of wealth creates more wealth.. which it always does.
Keynesian economics works. Supply side doesn't. Learn to deal.
Too funny, I think its cute how you twits forget how Reagan solvedhis economic issues in 2 years...and Bammy is an abject failure...what is really sad is that you Lefty's don't even know what Keynes advocated.
Here is a hint (counter cyclical)
Here's a hint. Maybe you should learn what you are talking about.
Notice: Data not available: U.S. Bureau of Labor Statistics
The 1980-83 Recession was intentionally caused by the Fed with the approval of both presidents Carter and Reagan with the sole intent of getting inflation down.
Everyone at the time was a lot more worried about the double digit inflation than the single digit unemployment.
When Reagan beat Carter, unemployment was at 7.5%. Which was pretty bad, but not as bad as it was going to get. It stayed 7-8% for most of 1981, then spiked in 1982. It hit a high of 10.8 in December, 1982. It was still well over 8% for most of 1983. Then in 1984, it came down to a 7.4% rate.
What gave Reagan bragging rights is not that he beat unemployment that badly, but that he got inflation under control.
The 2008-2011 Recession was caused by a major collapse in the housing market. Trillions in wealth simply vanished... Obama deserves credit for doing a stimulus, for continuing the bailouts that Bush started, or things would have been a lot worse.
By comparison, Obama got an economy with an unemployment rate of 8.3 in his first full month is office. The highest it got was 10%.
Final note. A big contributing factor was that while Reagan taxed like a Supply Sider, he spent like a Keynsian.
Federal spending was 590 Billion in Fiscal year 1980. By Fiscal year 1989, that had increased to 1.143 TRILLION. Almost doubling in size. The debt increased from 909 Billion to 2.8 Trillion.
By comparison, in FY 2008, Federal outlays were 2.9 Trillion, today they are 3.7 trillion. Maybe a 30% increase compared to the 90% increase under Reagan.