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onehandle

(51,122 posts)
Sat Jul 11, 2015, 03:39 PM Jul 2015

Clinton's Big Economic Speech Will Go Heavy On Middle Class Wages

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WASHINGTON -- In her first major economic policy speech on Monday, former Secretary of State Hillary Clinton faces dual tasks: contrasting her agenda with the leading Republican presidential candidates and embracing -- while still drawing distinctions from -- the president she hopes to succeed. The former will come quite easily. The latter requires a deft touch.

Appearing at The New School, Clinton will attempt to thread this needle by taking a cue from her husband’s 1992 presidential bid. She’ll keep it simple, distilling her vision into a single idea: it’s about middle-class incomes, stupid. Her policy suggestions are meant to supplement that proposition. According to the campaign, Clinton will offer a three-pronged vision that her aides say is designed to raise wages and protect workers.

- She will call for greater public and private investments in infrastructure, clean energy and medical research; tax breaks for small businesses and policies to encourage workforce participation, especially among women, including paid leave and paid sick days, better child care services and access to education.

- She will argue for greater wage equality, including a raising of the minimum wage, hikes on the wealthy (or, in campaign parlance: “making sure the wealthiest pay their fair share”) and company profit-sharing for employees.

- And she will encourage a rethinking of business strategy, away from what an aide called “quarterly capitalism” and more towards long-term sustainability.

The speech is the product of conversations with more than 200 domestic policy experts over the last several months, including dozens held by Clinton herself, aides say.

http://www.huffingtonpost.com/2015/07/11/clinton-economic-speech_n_7776036.html

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Clinton's Big Economic Speech Will Go Heavy On Middle Class Wages (Original Post) onehandle Jul 2015 OP
Yes - I Will No Longer Settle For The Lesser Of Two Corporate Evils - Go Bernie Go cantbeserious Jul 2015 #1
"The speech is the product of conversations with more than 200 domestic policy experts.... George II Jul 2015 #2
It's already been put Duckhunter935 Jul 2015 #3
Nice try, I think we should all wait until AFTER the speech before we critique it, thank you. George II Jul 2015 #4
Fine, I really do not expect much. Duckhunter935 Jul 2015 #5
Bernie's got it covered already, sorry. Agony Jul 2015 #6
No savesies. nt onehandle Jul 2015 #11
Bernie is on the move he doesn't need to park anything... Agony Jul 2015 #14
I bet her ears will be covered. nt Snotcicles Jul 2015 #7
She already has some economic policy statements on her website... PoliticAverse Jul 2015 #8
I thought it was Sanders who was focussing on the middle class Doctor_J Jul 2015 #9
No savesies. nt onehandle Jul 2015 #10
K & R Iliyah Jul 2015 #12
Oh goody. 99Forever Jul 2015 #13
right? like that worked so well... Agony Jul 2015 #15
It's what neoliberals do. 99Forever Jul 2015 #16
IMO, sounds like a whole lot of nothing for the poor and unemployed I_Like_Hammers Jul 2015 #17

George II

(67,782 posts)
2. "The speech is the product of conversations with more than 200 domestic policy experts....
Sat Jul 11, 2015, 03:48 PM
Jul 2015

........over the last several months, including dozens held by Clinton herself, aides say."

This is precisely why she has been meeting with people in small groups for the last few months, to the chagrin of her opponents' followers.

Big rallies are good shows, but there's more to a candidacy and a campaign. I'm really looking forward to this speech!

Agony

(2,605 posts)
6. Bernie's got it covered already, sorry.
Sat Jul 11, 2015, 04:07 PM
Jul 2015

Rebuilding Our Crumbling Infrastructure
We need a major investment to rebuild our crumbling infrastructure: roads, bridges, water systems, waste water plants, airports, railroads and schools. It has been estimated that the cost of the Bush-Cheney Iraq War, a war we should never have waged, will total $3 trillion by the time the last veteran receives needed care. A $1 trillion investment in infrastructure could create 13 million decent paying jobs and make this country more efficient and productive. We need to invest in infrastructure, not more war.

Reversing Climate Change
The United States must lead the world in reversing climate change and make certain that this planet is habitable for our children and grandchildren. We must transform our energy system away from fossil fuels and into energy efficiency and sustainable energies. Millions of homes and buildings need to be weatherized, our transportation system needs to be energy efficient and we need to greatly accelerate the progress we are already seeing in wind, solar, geothermal, biomass and other forms of sustainable energy. Transforming our energy system will not only protect the environment, it will create good paying jobs.

Creating Worker Co-ops
We need to develop new economic models to increase job creation and productivity. Instead of giving huge tax breaks to corporations which ship our jobs to China and other low-wage countries, we need to provide assistance to workers who want to purchase their own businesses by establishing worker-owned cooperatives. Study after study shows that when workers have an ownership stake in the businesses they work for, productivity goes up, absenteeism goes down and employees are much more satisfied with their jobs.

Growing the Trade Union Movement
Union workers who are able to collectively bargain for higher wages and benefits earn substantially more than non-union workers. Today, corporate opposition to union organizing makes it extremely difficult for workers to join a union. We need legislation which makes it clear that when a majority of workers sign cards in support of a union, they can form a union.


Raising the Minimum Wage
The current federal minimum wage of $7.25 an hour is a starvation wage. We need to raise the minimum wage to a living wage. No one in this country who works 40 hours a week should live in poverty.

Pay Equity for Women Workers
Women workers today earn 78 percent of what their male counterparts make. We need pay equity in our country — equal pay for equal work.

Trade Policies that Benefit American Workers
Since 2001 we have lost more than 60,000 factories in this country, and more than 4.9 million decent-paying manufacturing jobs. We must end our disastrous trade policies (NAFTA, CAFTA, PNTR with China, etc.) which enable corporate America to shut down plants in this country and move to China and other low-wage countries. We need to end the race to the bottom and develop trade policies which demand that American corporations create jobs here, and not abroad.

Sign the petition to stop the Trans-Pacific Partnership — another trade deal disaster »

Making College Affordable for All
In today's highly competitive global economy, millions of Americans are unable to afford the higher education they need in order to get good-paying jobs. Further, with both parents now often at work, most working-class families can't locate the high-quality and affordable child care they need for their kids. Quality education in America, from child care to higher education, must be affordable for all. Without a high-quality and affordable educational system, we will be unable to compete globally and our standard of living will continue to decline.

Taking on Wall Street
The function of banking is to facilitate the flow of capital into productive and job-creating activities. Financial institutions cannot be an island unto themselves, standing as huge profit centers outside of the real economy. Today, six huge Wall Street financial institutions have assets equivalent to 61 percent of our gross domestic product - over $9.8 trillion. These institutions underwrite more than half the mortgages in this country and more than two-thirds of the credit cards. The greed, recklessness and illegal behavior of major Wall Street firms plunged this country into the worst financial crisis since the 1930s. They are too powerful to be reformed. They must be broken up.

Health Care as a Right for All
The United States must join the rest of the industrialized world and recognize that health care is a right of all, and not a privilege. Despite the fact that more than 40 million Americans have no health insurance, we spend almost twice as much per capita on health care as any other nation. We need to establish a Medicare-for-all, single-payer system.

Protecting the Most Vulnerable Americans
Millions of seniors live in poverty and we have the highest rate of childhood poverty of any major country. We must strengthen the social safety net, not weaken it. Instead of cutting Social Security, Medicare, Medicaid and nutrition programs, we should be expanding these programs.

Real Tax Reform
At a time of massive wealth and income inequality, we need a progressive tax system in this country which is based on ability to pay. It is not acceptable that major profitable corporations have paid nothing in federal income taxes, and that corporate CEOs in this country often enjoy an effective tax rate which is lower than their secretaries. It is absurd that we lose over $100 billion a year in revenue because corporations and the wealthy stash their cash in offshore tax havens around the world. The time is long overdue for real tax reform.

Agony

(2,605 posts)
14. Bernie is on the move he doesn't need to park anything...
Sat Jul 11, 2015, 05:39 PM
Jul 2015

Senator Sanders is beyond the "Conversations with experts" stage, as he already has the experts in play.

http://www.kansascity.com/news/business/article5168748.html

Stephanie Kelton has been an economics professor at UMKC since 1999. She is a self-described “deficit owl” who supported larger budget deficits to counteract the recent recession. Each party has its own chief economist on the budget panel, which among other things oversees the Congressional Budget Office.

It is tough for a neo-liberal to keep up with a democratic socialist in this zone.. I wish her all the luck, as it is never too late to learn.

 

Doctor_J

(36,392 posts)
9. I thought it was Sanders who was focussing on the middle class
Sat Jul 11, 2015, 04:57 PM
Jul 2015

expense of the poor? That's one of the hillarians memes right now anyway.

It looks like Clinton is going to just co-op Sanders populist positions. The swooners will no doubt swallow the whole load of bullshit. Here's a clue, folks: she'll go right back to the corporations' pockets after the election.

99Forever

(14,524 posts)
13. Oh goody.
Sat Jul 11, 2015, 05:37 PM
Jul 2015

Judging how well the things her husband did while in office have worked out for us "middle class" working people, it's wonderful news to hear that "Clinton will attempt to thread this needle by taking a cue from her husband’s 1992 presidential bid."

Yay for more campaign promises to forget after taking office.

I_Like_Hammers

(30 posts)
17. IMO, sounds like a whole lot of nothing for the poor and unemployed
Sat Jul 11, 2015, 06:50 PM
Jul 2015

What good is "wage equality" to one who has NO wage?

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