Wednesday, October 20, 2004

UNDER WHICH PARTY DO THE RICH FARE BETTER? (table)

This is the first of two tables prepared by Bob McElvaine to accompany the article in the preceding post.  I formatted them here to look right in the "Link to this entry" view, but they may look garbled in the recent-post view.
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UNDER WHICH PARTY DO THE RICH FARE BETTER?

Since 1968 (Nixon through G.W. Bush)

                                                 Republican               Democratic                 Party with
                                                 Administrations      Administrations        better performance
                                          (Nixon, Ford, Reagan      (Carter & Clinton)
                                             Bush & Bush)

Average Annual Gain
in Mean Income of the
Richest 5% of US                                                                                                                        
Households (in                                                                                                 Democrats
constant 2002 Dollars)          +$1,706                         +$6,921                       4 times faster increase

Average Annual
Percentage Increase in                                                                                  Democrats
Dow Jones Industrials          +7.1%                          +11.1%                      1.6 times faster increase 

Since 1968 (Nixon through G.W. Bush)

                                                 Republican               Democratic                 Party with
                                                 Administrations      Administrations        better performance
                                          (G.H.W. Bush + G.W.         (Clinton)
                                             Bush)

Average Annual Gain
in Mean Income of the
Richest 5% of US                                                                                             
Households (in                                                                                                 Democrats
constant 2002 Dollars)          -$1,999                      +$10,241               $12,000 per year faster increase

Average Annual
Percentage Increase in                                                                                     Democrats
Dow Jones Industrials          +6.7%                       +16.8%                          2.5 times faster increase 

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