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Friday, June 17, 2016

Today's Question -- What's Hillary's Plan for the Economy?

Today, we need to focus on a question that seems to be getting very little attention from the media.  It's a rather obvious question:  What is Hillary Clinton's plan for growing the economy? 

Before we discuss this further, take a moment and think about what you know of Hillary's plans.  Where does Hillary stand on balancing the budget?  How about on business taxes, what's Hillary's view there?  Does Hillary have a plan regarding increasing job opportunities?  If you are like most Americans, you don't have a clue what Hillary is proposing since the media almost never discusses the subject.

Here's the reason why coverage is so sparse.  Hillary's plan is to continue to do what president Obama has done for the last eight years.  That's right, Hillary wants to talk about building infrastructure to spur economic growth, but, like Obama, she has no outline how she would pay for those contracts. Indeed, it is talk about infrastructure rather than actual construction of infrastructure that Hillary seems to favor.  Hillary also talks about raising taxes on the rich just as Obama did.  No rational economist, however, thinks that a tax increase will spur growth; the debate is about just how much further a tax increase would slow the already meager growth.

Now let me be clear.  Hillary says she has plans for the economy; she does not admit that she just wants to continue what Obama has done (or not done).  The plan, however, consists of statements like Hillary wants to give all working families a raise.  Sounds good right?  She just never says how she would accomplish this aside from saying that she supports a raise in the minimum wage (which would affect only a small number of people). 

We have already had almost eight years of stagnation under Obama.  Hillary promises just more of the same.
 

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