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Forum Post: Obama worse for income inequality than Bush?

Posted 2 years ago on April 13, 2012, 12:45 p.m. EST by SirSoliloquy (3)
This content is user submitted and not an official statement

I was linked to this story by a twitter follower called Angry Democrat_46yrs (@AngryVoters), and its kind of... surprising.

http://www.nakedcapitalism.com/2012/04/growth-of-income-inequality-is-worse-under-obama-than-bush.html

Here's a good quote that summarizes the basics:

"Under Bush, the 1% captured a disproportionate share of the income gains from the Bush boom of 2002-2007. They got 65 cents of every dollar created in that boom, up 20 cents from when Clinton was President. Under Obama, the 1% got 93 cents of every dollar created in that boom. That’s not only more than under Bush, up 28 cents. In the transition from Bush to Obama, inequality got worse, faster, than under the transition from Clinton to Bush. Obama accelerated the growth of inequality."

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