Not since LBJ

[hfojvt]

112. well, way back in 1968 when Nixon took office

the poorest 20% got 4.2% of the national income and the richest 5% got 16.6%. When Nixon left office in 1974 the poorest 20% was getting 4.4% and the richest 5% was getting 15.9%.

Seems like the poor did better under Nixon and the rich did worse.

Contrast that with William Jefferson Clinton.

When he took office in 1992, the poorest 20% was getting 3.8% when he left office in 2001 they were getting 3.5%. Hmm, and the richest 5% was getting 18.6% in 1992 and 22.4% in 2001.

The rich seem to have done better under Clinton and the poor worse, compared to Nixon. The poverty rate went from 10% in 1968 to 8.8% in 1974. For Clinton it went from 11.9% in 1992 to 9.2% in 2001.

Here's what economist Dean Baker said about the Rubin Wing of the Democratic Party

"However, it is important that people understand that the Rubin-Clinton team is every bit as much about redistributing money from the rest of us to the very rich as the Republicans."