Fact - Income grows more under Democratic Presidents

[BadDog40]

Source: Larry M. Bartels.
Chart by Catherine Mulbrandon of VisualizingEconomics.com.

The 20th percentile represents the lowest income and the 95th percentile represents the richest.

Did the United States grow more unequal while Republicans were in power? It sounds crude, but Princeton political scientist Larry Bartels has gone a long way toward proving it. Bartels looked up income growth rates for families at various income percentiles for the years 1948 to 2005, then cross-checked these with whether the president was a Republican or a Democrat. He found two distinct and opposite trends. Under Democrats, the biggest income gains were for people in the bottom 20th income percentile (2.6 percent). The income gains grew progressively smaller further up the income scale (2.5 percent for the 40th and 60th percentiles, 2.4 percent for the 80th percentile, and so on). But under Republicans, the biggest income gains were for people in the 95th percentile (1.9 percent). The income gains grew progressively smaller further down the income scale (1.4 percent for the 80th percentile, 1.1 for the 60th percentile, etc.).

 

[desertrat]

It's also important and very ironic that even the rich do better under democrats than republicans. Evidently rich republicans prefer to be slightly worse off as long as the gap between them and the common man gets bigger.

Another Rachel maddow win. Remember the bikini chart showing job losses and growth over the past two years?

http://msnbcmedia.msn.com/i/MSNBC/Sections/TVNews/MSNBC TV/Maddow/Blog/2010/04/jobloss_scale.JPG

 

[Mr.KushMan]

Well doesn't that speak volumes!

I am sure similar trends could be found in other countries also.

Peace

 

[redivider]

and the republicans in this forum??? silent.

classic. ignore something and in time it turns to fantasy.

 

[UncleBuck]

and the republicans in this forum??? silent.

same as they were when i posted this:

https://www.rollitup.org/politics/365379-rich-get-richer.html

i am convinced that most of the right do not give half a shit about the middle class or working poor. fuck them.

 

[laughingduck]

I guess whatever the chart says must be true! I don't believe the president has as much to do with writing law as the house and senate does, since it is not the presidents job. I would like to see the chart that shows control of house and senate reflecting the tax rates. Oh i almost forgot... their are lies, damn lies, and statistics!

 

[Baja Rick]

I don't see how a growth rate of under 3% over 47 years is anything to brag about, regaurdless of who is in power.
The cost of living devores that increase in less than a year.
Furthermore the 2.6% that you feel so impressed over is a few pennies compared to the 2.1% the top 95% earn according to the chart.
Looks to me like both parties do a pretty good job of helping the rich,,,, Maybe that has something to do with the Tax braket of those who work in Washington DC

 

[Johnnyorganic]

and the republicans in this forum??? silent.

classic. ignore something and in time it turns to fantasy.

I'm not sure there are many Republicans in this forum.

 

[Johnnyorganic]

Does this mean all the moaning and groaning from Progressives about the disappearing middle class is a bunch of hooey?

Or is it that income levels are only one ingredient of the economic cake mix?

I wonder how Rs and Ds would stack up on inflation, unemployment, trade deficits, or GDP?

Or income taxes paid, measured by those same metrics used in the chart?

 

[blazin256]

what about NOW? is income growing NOW? are jobs growing NOW? the only thing growing NOW is the deficit.

 

[NoDrama]

My income definitely grew, I applied for and received every piece of guvmint cheese I could get. Food Stamps alone contribute $5k per year. SSI and SS Disability are $15K and the best one is that I applied for a 40K grant to study the mating habits of the Painted Turtle. the Grant is for 1 year and it will be some work to get started, but I can even hire an assistant and will receive a tax bonus of $8000 if I do. I figure i will hire some high school kid to pretty much do all the setup and collecting of specimens yada yada and i will just do the analysis and the science. Now that i think about it, maybe a young college girl to do the work. I can pay them $10 an hour and get 800 hours of work out of them for nothing out of my pocket. And the best part is that its all tax free, I should even get a nice fat return. I was thinking about applying for Unemployment also, gonna call them on Monday and see if I can. That would be another 15K or so.

I would think that income rates would be determined more by inflation rates. I wonder if their is a correlation between income growth, inflation rates and democrat leadership in the oval?

 

[fitch303]

I'd like to see a breakdown of these numbers between private sector/public as we all know Democrats love to create gov jobs and increase pensions/benefits for them.

 

[Best[WHITE]]

I would think that income rates would be determined more by inflation rates. I wonder if their is a correlation between income growth, inflation rates and democrat leadership in the oval?

I'd like to see a breakdown of these numbers between private sector/public as we all know Democrats love to create gov jobs and increase pensions/benefits for them.

I was wondering what baseless excuses would be pulled out of your asses.

 

[fitch303]

Hey guys look, I found the reason for global warming

Take you charts and shove them up your ass, or while your at it why don't you post some stats that break down personal income per state and county and which party is in power in the government bodies respectively?

 

[Best[WHITE]]

So because one chart doesn't make sense all charts are bullshit? That's using the ol' noggin.

 

[Baja Rick]

"Facts are stubborn things, but statistics are more pliable" Mark Twain

 

[mame]

are jobs growing NOW? the only thing growing NOW is the deficit.

Dont be a twat, there has been private sector job growth almost every month this year.

also, I'd be willing to bet that if republicans were in the majority still, they'd be trying just as hard as the Dem's to spend their way out of this recession although I do concede they'd be spending it differently... And likely less efficiently.

For example, a common sentiment among conservatives is the idea of the "trickle down theory". The trickle down theory is used to advocate for tax cuts for the upper income brackets (for their arguement, called job creators) or as it is being used currently - to keep the bush tax cuts for all of Americans instead of just those that need it. Well, ladies and gentlemen... The Trickle down Theory doesn't even have any kind of proof behind it showing that it actually works (http://www.nytimes.com/2007/04/12/business/12scene.html)

Alternatively, I can pull right off of the top of my head an example in the stimulus package that saved or created 2.5-3 million jobs.

My point? The Bush Tax cuts, the most recent employment of the trickle down theory(that I can think of off the top of my head) cost as much as 1.8 trillion dollars (http://www.politifact.com/truth-o-meter/statements/2009/jun/24/paul-krugman/bush-tax-cuts-health-care-probably/) but for some reason all of these anti deficit, "fiscal conservatives" want to extend the tax cuts for all Americans (which will cost $$$ duh). Can anyone say hipocrites?

 

[BadDog40]

what about NOW? is income growing NOW? are jobs growing NOW? the only thing growing NOW is the deficit.

Budget deficit or trade deficit?

 

[hanimmal]

My income definitely grew, I applied for and received every piece of guvmint cheese I could get. Food Stamps alone contribute $5k per year. SSI and SS Disability are $15K and the best one is that I applied for a 40K grant to study the mating habits of the Painted Turtle. the Grant is for 1 year and it will be some work to get started, but I can even hire an assistant and will receive a tax bonus of $8000 if I do. I figure i will hire some high school kid to pretty much do all the setup and collecting of specimens yada yada and i will just do the analysis and the science. Now that i think about it, maybe a young college girl to do the work. I can pay them $10 an hour and get 800 hours of work out of them for nothing out of my pocket. And the best part is that its all tax free, I should even get a nice fat return. I was thinking about applying for Unemployment also, gonna call them on Monday and see if I can. That would be another 15K or so.

I would think that income rates would be determined more by inflation rates. I wonder if their is a correlation between income growth, inflation rates and democrat leadership in the oval?

That's actually really smart NoD hopefully you have a good time and find out some interesting stuff. What kind of actual set up for you is involved? Does this cover costs for things like computers.

Pretty interesting on inflation and income levels. Found this pretty decent read, and some good charts that don't rely on putting the numbers on the bottom axis backwards like fitch's. http://www.dailykos.com/story/2008/3/8/74641/79252/852/472055

 

[NoDrama]

Dont be a twat, there has been private sector job growth almost every month this year.

Nope, there is always an unemployment number every month, which means people are being laid off, not hired. Not a single month in all of the last year has had Positive employment. You think those numbers they tell you stay the same? They readjust them and never tell you about it every month.