The Pew Research Center study found:
The median wealth of white households is 20 times that of black households and 18 times that of Hispanic households, according to a Pew Research Center analysis of newly available government data from 2009. These lopsided wealth ratios are the largest since the government began publishing such data a quarter century ago and roughly twice the size of the ratios that had prevailed between these three groups for the two decades prior to the Great Recession that ended in 2009 … In 2005, both the stock and housing markets were still rising. Thus, had the base year for these measurements of wealth been closer to the top of these markets in 2006 or 2007, the recorded declines are likely to have been even steeper.[Pew Research Center]
George W. Bush’s second term began in 2005, the Great Recession ended in 2009. When I think of George W. Bush and his ilk or sort (as the Brits say), Francisco Goya’s painting, Saturn Devouring His Sons comes to mind.