MORE ON THE "GREAT" FREDO ECONOMY

I noted below that the Bush tax cuts did not lead to an increase in Federal tax revenue, contrary to the predictions of supply-side economics (SSE). SSE also predicts that lower personal tax rates will lead to a higher percentage of people working and that's also a FAIL.

From the Bureau of Labor Statistics, Table A-1

Labor Force Statistics from the Current Population Survey

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over