Within the context of the song in 1964, Dylan was also objectively talking about Republicans (https://en.m.wikipedia.org/wiki/Southern_strategy https://en.m.wik

Within the context of the song in 1964, Dylan was also objectively talking about Republicans (https://en.m.wikipedia.org/wiki/Southern_strategy https://en.m.wikipedia.org/wiki/Southern_strategy). But, as you say, it goes back and forth and in the 19th Century it was the Democrats who were known for this. Neither party has a great history with race.