What you state is correct and people really need to look at a whole picture and not just numbers.
When people claim that the Clinton Era raising taxes produced jobs and therefore revenue for the country, they do not take into account the fraudulent dot.com businesses after the internet boom and the fact that our whole economic system was becoming modified.
Other eras stated are ones where ingenuity and a strong work ethic were in force both with the Unions and the Employers.The balance of 'power' has now tipped to become a country where the Union Bosses have the upper hand, which ultimately destroy entrepreneurship.
In addition you now have the revenues of government used to keep people down (welfare, unemployment, medicaid) and laws that mandate them. Take into account the raiding of the pension funds due to regulation changes and the greed of the 80's generation who were taught by the very professors who claim big business is bad, you have a collapse eventually.
It's the whole picture that the libs neglect to look at all the influences that effect our economy, such as the marxist agenda and big business bashing. The spread the wealth (even globally as you have pointed out) will bring America down and we will all suffer for it.
Bottom line 2+2 will always equal 4 when all other factors are taken into consideration. I learned more by actually working for several businesses (profit and non-profit) than I would ever have learned in College.
Bush's tax cuts did work and the recession was caused by the sub-prime mortgages being forced onto the banking system w/Barney Frank and Chris Dodd leading the way. If the tax cuts did not work, we would have been in a deeper recession after 9/11 and the economy would not have recovered as quickly as it had. Before the subprime fiasco, unemployment was under 5%. The tax cuts are still in effect and after the November elections, if not won by Republicans, will not become permanent, only then will the libs wake up to the fact that spending tax dollars only increases the government spending, not reduce the deficit. Check what Nancy Pelosi did with the interest earned from the banks who were forced to be "bailed" out with tarp. It was specifically deemed to be used to reduce the deficit, Pelosi helped modify it for those "revenues" to be used for the stimulus package. Wow, see how that worked.
Business Degree-Accounting major
Took calculus for the fun of it in college.