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:
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.

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