Politics: In case you haven't heard: Hillary Clinton wants to retract the statement she made at a campaign rally last Friday in front of adoring fans that businesses and corporations don't create jobs.
Never mind that it's all on camera and that she certainly looked like she was in full command of her faculties and having a grand old time ripping the nation's job creators.
After becoming a national laughingstock, she now says she meant to say: "Our economy grows when businesses and entrepreneurs create good-paying jobs here in America, and workers and families are empowered to build from the bottom up and the middle out — not when we hand out tax breaks for corporations that outsource jobs or stash their profits overseas."
That's right: She really loves businesses, always has.
This is the same Hillary whose first contribution to public policy was 20 years ago, when she foisted the wildly unpopular HillaryCare on the nation. When informed then that it would drive many businesses into bankruptcy, she haughtily replied: "I can't go out and save every undercapitalized entrepreneur in America."
Yes, she's a real champion of the nation's employers.
But almost equally absurd is her new spin that what she's really against is "tax breaks for corporations that outsource jobs" and the "trickle-down economics" that has "failed spectacularly."
Oh really? We're losing iconic American companies and "good-paying jobs here" because of our highest-in-the-world corporate tax rate, which she has opposed cutting. Her line about "trickle-down economics" is the liberal fairy tale that refuses to go away.
Under Reaganomics, which the left disparages as trickle-down, the economy expanded at 4%, and middle-class and black incomes went up.
Under Hillary's old boss, the economy has grown at barely 2%, middle-class incomes have lost ground to inflation, and black incomes have seen their fastest decline. Under Obama, nothing has trickled down, and poverty rates remain near record levels.
If supply-side economics was such a failure, why did Clinton's husband sign into law a capital gains tax cut? Why did he agree to welfare legislation that replaced government handouts with work?
Hillary originally wanted to run in 2016 as her husband did two decades ago — as a centrist, pro-business "new Democrat." Alas, hers isn't the party of moderation any longer. To be pro-business, it believes, is to be an enemy of the people.
Hillary Clinton has been exposed. Her radical beliefs about how a modern economy works were on display for the world to see last weekend. It was her Howard Dean moment, and it won't go away soon.
Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials/102814-723862-hillary-clinton-backtracks-into-balderdash-about-businesses-and-jobs.htm#ixzz3HUOZeEhX
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
No comments:
Post a Comment