George W. Bush was the most successful of our recent past presidents in achieving very substantial increases in incomes for the poorest quintile (+18.4%), while keeping gains for the richest quintile and richest 1 percent at modest levels. For example, under Bush the Younger, the incomes of the richest 1 percent rose only 6.5 percent in eight years, compared to a staggering 84 percent under Clinton and 91 percent under Reagan.Something tells me that is not going to come up in the State of Union speech.
Tuesday, January 28, 2014
Income Equality: Back To Bush
James Lindgren points to data on income equality, and points out that George W. Bush seems to have done a better job of that than any other recent president: