Hillary's economic plan to be unveiled today
Hillary Clinton's pals at Politico previewed the economic speech she is giving on Monday:
… she will preview several of those proposals, including more generous family leave policies, additional tax increases for the wealthy, and new corporate governance rules that would discourage short-term quick-buck thinking.
President Obama has already expanded family leave. It's called unemployment. Obamacare and the shutdown of businesses and power plants have given families unlimited time to spend with each other.
As for tax increases on the wealthy, the wealthy don't simply sit with vaults of gold, waiting for the tax man. They are wealthy because their money is invested in businesses. Money is the lifeblood of businesses. If you drain the money, the businesses die. Liberals have problems making this connection.
I don't know what "new corporate governance" rules are, but I am sure they will entail more government control of businesses. And since when does the government not act in a manner supporting "quick-buck thinking" with its tremendous deficit spending of today ignoring the consequences of debts tomorrow?
Clinton’s aide said she will discuss some of the structural forces conspiring against sustainable wage growth, such as globalization, automation, and even consumer-friendly “sharing economy” firms like Uber and Airbnb that are creating new relationships between management and labor (and which now employ many Obama administration alumni).
Globalization is the problem? Is she talking about free trade? Does she advocate going back to the tariff system that brought us the Great Depression?
And Hillary is against automation? What kind of Luddite nonsense is this?
And she thinks Uber and Airbnb are contributing to the problem? These services create jobs. They create income. Their efficiency generates wealth. Why does no one call her out on her glaring ignorance?
Clinton does not want to run in her husband’s shadow ...
Given his history with Monica Lewinsky, I prefer not to think about his shadow as well.
A campaign official said she will call out Republicans for promising a new era of economic growth... while making familiar promises that high-end tax cuts will trickle down to ordinary families.
High-end tax cuts won't trickle down...but high-end tax increases will trickle down? How can that be? Did Obama's trillion-dollar stimulus trickle down? No one talks about that now. Can you guess why?
She will voice support for small business tax relief ...
While raising taxes at the same time?
…an infrastructure bank that could generate construction jobs while improving the competitiveness of the economy
And the government, of course, will manage this "bank," because the government has proven it has the business sense to make the best investments, right?
… and clean energy projects that reduce carbon emissions while putting people to work.
Translation: even more subsidies from your pockets to go into the pockets of Hillary's friends who make windmills and solar panels that will never be economically viable.
At the same time, she will foreshadow proposals to expand child care, paid family leave and paid sick days ...
Which will make the cost of each employee more expensive to hire.
She will propose to expand on Obama’s high-income tax hikes, while also pushing measures to fight wage theft ...
Wage theft? That sounds like withholding taxes to me!
… raise the minimum wage, encourage profit-sharing for workers, and support collective bargaining by unions.
Collective bargaining by unions almost destroyed the auto manufacturers and other industries.
She will … promote investment in worker training, research and development, and other sources of long-term growth ...
What can Hillary or the government possibly know about how workers should be trained? Don't the companies who employ them know this best, and aren't they in the best position to decide how and how much employees will be trained?
… and support new mechanisms for shareholder activism, presumably when it comes to reining in executive compensation.
What about reining in compensation for government officials? What about setting their wage to the average U.S. wage? I think income inequality between federal government and private-sector jobs is only growing. Will Hillary talk about that?
Hillary's proposals are simply gradual attempts to strangle businesses and make the government the sole actor in the economic arena. To me, Hillary is simply Marx without the beard.
This article was produced by NewsMachete.com, the conservative news site.