With all due respect, Biker...Barack Obama oversaw the slowest recovery from a major recession since The Great Depression!
Um, yeah, but it was a recovery, stupid. It was also the worst economic downturn since the Great Depression.
So you really ARE claiming that revenues decreased under Reagan? Oh, Joey...I love it when you pretend to be in the know! The fact is that despite Reagan cutting taxes for most Americans...tax revenues went up.
well, no, the dollar just became devalued, that isn't the same thing.
Tax revenues went up after the Tax Reform of 1986 when Reagan finally admitted supply side didn't work. Unfortunately, a lot of that increased the burden on the Middle Class and not the rich.
That's why Bush-41 had to shout 'Read my lips". Because the rabid conservative base was sooooooooooo upset that Reagan had to recognize reality and raise taxes. And then he raised them again because reality is a *****. after we had the good sense to vote him out of office, Clinton raised the taxes on the rich, and then we got the prosperity.