Economic View - Is History Siding With Obama’s Economic Plan? - NYTimes.com
Economic View - Is History Siding With Obama’s Economic Plan? - NYTimes.com
The accompanying table, which is adapted from the book, tells a remarkably consistent story. It shows that when Democrats were in the White House, lower-income families experienced slightly faster income growth than higher-income families — which means that incomes were equalizing. In stark contrast, it also shows much faster income growth for the better-off when Republicans were in the White House — thus widening the gap in income.
