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Obama Vs Bush On Income Inequality Growth

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Published on Apr 13, 2012

Via Naked Capitalism: "...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. The data set is excellent, it's from the IRS and it's extremely detailed. This yawing gap of inequality isn't an accident, and it's not just because of Republicans. It's a set of policy choices...".* The Young Turks host Cenk Uygur breaks it down.

Read more from Matt Stoller: http://www.nakedcapitalism.com/2012/0...

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