Income Inequality Rose Most Under President Clinton

  • Posted by a hidden member.
    Log in to view his profile

    Nov 03, 2011 3:19 PM GMT
    http://news.investors.com/Article/590383/201111030805/Income-Inequality-Rose-Under-Clinton-Obama.htm

    But it turns out that the rich actually got poorer under President Bush, and the income gap has been climbing under Obama.

    What's more, the biggest increase in income inequality over the past three decades took place when Democrat Bill Clinton was in the White House.

    The wealthiest 5% of U.S. households saw incomes fall 7% after inflation in Bush's eight years in office, according to an IBD analysis of Census Bureau data. A widely used household income inequality measure, the Gini index, was essentially flat over that span. Another inequality gauge, the Theil index, showed a decline.

    In contrast, the Gini index rose — slightly — in Obama's first two years. Another Census measure of inequality shows it's climbed 5.7% since he took office.

    Meanwhile, during Clinton's eight years, the wealthiest 5% of American households saw their incomes jump 45% vs. 26% under Reagan. The Gini index shot up 6.7% under Clinton, more than any other president since 1980.
  • Posted by a hidden member.
    Log in to view his profile

    Nov 03, 2011 3:40 PM GMT
    Actually I would not be suprised at this being true. (even though the media quoted is biased)


    After all, it was during his time that the republicans and I believe it was Cohen who pushed for deregulation, finally succeeding in breaking down the barriers between banking and bank gambling schemes, among other deregulations. which is what brought about the crash along with so many risky loans that they used as the basis of their gambling operations.

    Clintons time was also instrumental in in the trade agreements and business subsidies that greatly increased the number of jobs going overseas.

    As Rachel Maddow says, Clinton was one of the best of Republican Presidents. LOL !!!