Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

pnwmom

(108,980 posts)
Sat Jul 11, 2015, 09:59 PM Jul 2015

Hillary's economic plan advocates redistributing wealth to middle and lower income workers.

Last edited Sat Jul 11, 2015, 10:40 PM - Edit history (1)

She will argue that the world has changed with globalization, and that these changes must be addressed. And she will criticize Wall Street in particular.

Her plan has been put together in consultation with noted liberal economists such as Alan Blinder. (More on him below.)

So whoever represents our party in the General against the Republicans, there should be a very clear difference in the solutions being presented. No one on the Democratic side will suggest that we can fix the economy by making workers work longer hours!

http://www.latimes.com/nation/la-na-clinton-economy-20150711-story.html

After months of running on broad themes backed by little in the way of actual policy proposals, Hillary Rodham Clinton will announce Monday what aides call a far-reaching plan to restructure the economy to move more of the nation’s wealth to middle- and low-wage earners. In what the campaign bills as a landmark speech at the New School in New York City, Clinton will offer a vision for growth that is notably different than the one her husband, Bill Clinton, pursued when he was in the White House, and that pivots away from some of the policies of President Obama.

The agenda, written with input from some of the country’s most liberal economists, reflects not just Clinton’s effort to appeal to a Democratic Party that has drifted leftward, but her disenchantment with the centrist economic policies she once favored.

It seeks to address what has become one of the key concerns of voters this election season, which is the failure of the economy to raise middle-class incomes. The problem has consumed policy advisors for both Republicans and Democrats, and strategies for solving it are emerging from many campaigns.


SNIP

Clinton will frame the election as taking place in the dawn of a new and troubling economic era, which bears little resemblance to the era Bill Clinton ushered in before the Internet revolution and globalization took hold. She will note how her challenge differs from that of Obama, whose actions were largely aimed at fixing the immediate financial crisis he inherited.

SNIP


http://archive.fortune.com/magazines/fortune/fortune_archive/1987/11/09/69790/index.htm

Among economists who are also political liberals, Alan S. Blinder is one of the brightest and most appealing. A professor at Princeton, Blinder happens to be a great writer. . . .Blinder lays out the principles of economics cleanly, crisply, even wittily. His title reflects the view that economic policy should combine clear thinking and compassion for the poor. In judging economic policy proposals, he advocates two tests: Will the policy increase efficiency (thus raising living standards), and will it redistribute income down the ladder rather than up.

88 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Hillary's economic plan advocates redistributing wealth to middle and lower income workers. (Original Post) pnwmom Jul 2015 OP
"Liberal economists" is a phrase that needs to be quantified Scootaloo Jul 2015 #1
Alan Blinder, the Princeton economist, is specifically named in the article. pnwmom Jul 2015 #3
"Down the ladder"...??!?!? RobertEarl Jul 2015 #14
Alan Blinder is the opposite of a trickle-down economist. So I don't know what your problem is. n/t pnwmom Jul 2015 #15
How about saying equal? RobertEarl Jul 2015 #17
They are equal as human beings but low and middle income earners are down at the bottom economically. pnwmom Jul 2015 #23
You don't have to tell me RobertEarl Jul 2015 #24
What about all those not on the ladder? RobertEarl Jul 2015 #60
K & R Iliyah Jul 2015 #2
Let's hope this is true, and is a good plan Hydra Jul 2015 #4
The Repubs would call Ike a communist. OnlyBernieBurnsBush Jul 2015 #30
So what AgingAmerican Jul 2015 #42
I don't think so, but the Conservadems back off from anything left leaning at a harsh word Hydra Jul 2015 #63
Something tangible Instead of impotent rage Sheepshank Jul 2015 #5
Lovin' it & kickin' it oasis Jul 2015 #6
i really hope to see some details restorefreedom Jul 2015 #7
Detailed proposals are supposed to be released over the summer. It will be interesting. n/t pnwmom Jul 2015 #8
i just have this feeling restorefreedom Jul 2015 #11
And if it does, good. The Dems will be a united force. n/t pnwmom Jul 2015 #12
yea just added a comment in my comment restorefreedom Jul 2015 #13
A united force, but somehow I trust Bernie and Elizabeth to deliver - I have a hard time believing peacebird Jul 2015 #54
Let us remember though that this is sadoldgirl Jul 2015 #9
When the world changes, leaders need to be responsive. pnwmom Jul 2015 #10
I wait for her to forgo her super pac sadoldgirl Jul 2015 #16
Right. Because it doesn't matter how much the Koch brothers and other Rethug pacs pnwmom Jul 2015 #59
So she has evolved again? BrotherIvan Jul 2015 #18
Amazing, is it not, what a popular sadoldgirl Jul 2015 #19
It tells you that her internal polling says she's got to move LEFT BrotherIvan Jul 2015 #21
The world has changed since 1992, when Bill Clinton replaced Bush as President. pnwmom Jul 2015 #20
You mean changed 07-13-15? BrotherIvan Jul 2015 #22
+1! Enthusiast Jul 2015 #25
wonder what she'll be saying when she's running against Scott Walker TheFarseer Jul 2015 #26
I think all the Dems will be on the same page, with the possible exception pnwmom Jul 2015 #27
Lets hope so. riversedge Jul 2015 #81
Has she vowed to track down the perpetrators of this "globalization" MannyGoldstein Jul 2015 #28
Has Bernie? Or any other Dem? nt pnwmom Jul 2015 #31
Whoooooooosssssshhhhh! kath Jul 2015 #43
I guess that's a No. LOL bettyellen Jul 2015 #48
Oh no you didn't BrotherIvan Jul 2015 #33
Oh. kath Jul 2015 #44
I'm a very bad man. nt MannyGoldstein Jul 2015 #50
Yes, very, very bad. kath Jul 2015 #53
Link to your candidate promising same? bettyellen Jul 2015 #45
Allow me... MannyGoldstein Jul 2015 #46
take your own advice and "link or slink" No-Answer Manny is wasting our time. bettyellen Jul 2015 #47
Indeed MannyGoldstein Jul 2015 #49
Why- because you never give straight answers? The contortions are so amusing to watch. bettyellen Jul 2015 #51
OK. MannyGoldstein Jul 2015 #65
says the man who voted for Ronald Reagan. bettyellen Jul 2015 #66
Says the woman who adores Reagan's acolyte MannyGoldstein Jul 2015 #67
I've never worshiped any politician. But thanks for reminding me "they're all the same", LOL. bettyellen Jul 2015 #69
I've missed your posts critical of Obama MannyGoldstein Jul 2015 #70
Well, when you swung from one extreme to the other you missed a whole lot. Whoosh, indeed. bettyellen Jul 2015 #73
Right? Bobbie Jo Jul 2015 #68
LOL! MannyGoldstein Jul 2015 #71
Yawn Bobbie Jo Jul 2015 #72
And Manny wins the thread! kath Jul 2015 #52
It's almost more fun like that. MannyGoldstein Jul 2015 #64
Good stuff. KNR. JaneyVee Jul 2015 #29
I'm looking forward to this gwheezie Jul 2015 #32
Message auto-removed Name removed Jul 2015 #34
K&R! Lisa D Jul 2015 #35
I am looking forward to Hillary Clinton's speech on economic issues Gothmog Jul 2015 #36
I'm liking that she's adopting Sanders policies, at least pretending to Doctor_J Jul 2015 #37
She never said "appease" and you know it. And any President, including Sanders, pnwmom Jul 2015 #39
Can't wait to hear this speech! MoonRiver Jul 2015 #38
Kick & highly recommended! William769 Jul 2015 #40
K&R! hrmjustin Jul 2015 #41
Maybe emsimon33 Jul 2015 #55
Isn't Bernie also a....candidate? kjones Jul 2015 #77
I have my Bernie yard signs up and am still waiting for the bumper stickers, etc. emsimon33 Jul 2015 #80
A "plan" requires details... I hope there are some details... 4139 Jul 2015 #56
Detailed proposals on specific items will be released over the summer, they said. pnwmom Jul 2015 #57
Kick... quickesst Jul 2015 #58
Yes! Nt arely staircase Jul 2015 #61
What a bunch of crap Robbins Jul 2015 #62
K George II Jul 2015 #74
Well done Hillary! Sheepshank Jul 2015 #75
"a Democratic Party that has drifted leftward" LiberalAndProud Jul 2015 #76
The problem with someone espousing a plan is that you have to actually believe Skwmom Jul 2015 #78
The problem with suggesting anyone else could do better is Congress. pnwmom Jul 2015 #79
Oh come on, let's be honest. Skwmom Jul 2015 #83
And how does that address my point? Given Congress, how can you expect any President pnwmom Jul 2015 #85
K & R Walk away Jul 2015 #82
Trickle down is out and replaced by down the ladder? Autumn Jul 2015 #84
I really like Hillary Clinton's economic proposals Gothmog Jul 2015 #86
Kick & Rec! sheshe2 Jul 2015 #87
k&r Little Star Jul 2015 #88
 

Scootaloo

(25,699 posts)
1. "Liberal economists" is a phrase that needs to be quantified
Sat Jul 11, 2015, 10:09 PM
Jul 2015

After all, "liberalism" in economics means something totally different from what it means in politics...

pnwmom

(108,980 posts)
3. Alan Blinder, the Princeton economist, is specifically named in the article.
Sat Jul 11, 2015, 10:14 PM
Jul 2015

He is a long-time liberal like Paul Krugman is a liberal -- in economics and in politics. He believes in redistributing society's income down the ladder. Hillary's getting excellent advice if she's consulting people like Blinder.

http://archive.fortune.com/magazines/fortune/fortune_archive/1987/11/09/69790/index.htm

Among economists who are also political liberals, Alan S. Blinder is one of the brightest and most appealing. A professor at Princeton, Blinder happens to be a great writer. . . .Blinder lays out the principles of economics cleanly, crisply, even wittily. His title reflects the view that economic policy should combine clear thinking and compassion for the poor. In judging economic policy proposals, he advocates two tests: Will the policy increase efficiency (thus raising living standards), and will it redistribute income down the ladder rather than up.

 

RobertEarl

(13,685 posts)
14. "Down the ladder"...??!?!?
Sat Jul 11, 2015, 11:32 PM
Jul 2015

Hey, that's us - down the ladder.

I am guessing that 'trickle down' is being replaced with 'down the ladder'?

Why don't I like this new phrase?

pnwmom

(108,980 posts)
15. Alan Blinder is the opposite of a trickle-down economist. So I don't know what your problem is. n/t
Sat Jul 11, 2015, 11:33 PM
Jul 2015
 

RobertEarl

(13,685 posts)
17. How about saying equal?
Sat Jul 11, 2015, 11:46 PM
Jul 2015

Why does there have to be another downer stroke? I read he's some great writer, yet little ol' me is flat out wondering why they continue to talk about the trickle down economy some rich bastard came up with?

Spread on those down the ladder? WTF?

What can't they come up with something that isn't so damn degrading?

Well, back to the keyboard, Blinder. Ya got a few weeks to come up with something new, get to work!! Send him the link, k?

pnwmom

(108,980 posts)
23. They are equal as human beings but low and middle income earners are down at the bottom economically.
Sun Jul 12, 2015, 12:16 AM
Jul 2015

If you want to pretend there's no difference between being at the bottom of the income graph or being at the top, go ahead. But it makes no sense to me.

 

RobertEarl

(13,685 posts)
24. You don't have to tell me
Sun Jul 12, 2015, 12:32 AM
Jul 2015

I've been getting trickled down on all my life, and it wasn't rain which falls on the rich and poor all the same. Y'know, equally.

Ever been on a real ladder with someone above you? You look up and see their ass. See why this 'down the ladder' mistake makes me feel like it's the same old same old? It sure would be nice to have someone besides Bernie coming up with new and better terminology.

I hope Hillary doesn't pay this excellent writer 'too much'. But surely a Hillary operative will read this and it'll get back to them and they come up with something besides: "Look up, another ass is about to spread down the ladder!" Sorry, all I can think is: "Don't look up!"

 

RobertEarl

(13,685 posts)
60. What about all those not on the ladder?
Sun Jul 12, 2015, 05:04 PM
Jul 2015

The kids, the stay at home mothers, the elderly, the sick?

Once again, the big shots focus only on those who are on the ladder while ignoring most Americans.

Bernie recognizes everyone equally.

Hydra

(14,459 posts)
4. Let's hope this is true, and is a good plan
Sat Jul 11, 2015, 10:39 PM
Jul 2015

The Repubs will cry "SOCIALIST! COMMUNIST! TAKER ENABLER!" if it is, so I hope she's ready for that too.

 

AgingAmerican

(12,958 posts)
42. So what
Sun Jul 12, 2015, 01:54 PM
Jul 2015

They will say it no matter what Bernie or Hillary do. Should Democratic policy be shaped by fear of what the Republicans will say? I don't think so.

Hydra

(14,459 posts)
63. I don't think so, but the Conservadems back off from anything left leaning at a harsh word
Sun Jul 12, 2015, 06:26 PM
Jul 2015

From the Grand Ol' Perverts.

restorefreedom

(12,655 posts)
7. i really hope to see some details
Sat Jul 11, 2015, 11:20 PM
Jul 2015

cuz if hillary is the nominee, she will not have a prayer unless she can get the most progressive and disenfranchiesed as well as working class voters, many of whom are now supporting bernie.

the nominee will also need indys and disillusioned repubs. a specific plan to address wealth inequality will go a long way to getting them.

restorefreedom

(12,655 posts)
11. i just have this feeling
Sat Jul 11, 2015, 11:28 PM
Jul 2015

that it will sound a lot like what bernie has been saying all along.

just a hunch.....

edited to add it has to be in sharp contrast to what jebbie and the other feudal lords are pushing. gotta get it early in people's minds that their vote will determine their financial future.

restorefreedom

(12,655 posts)
13. yea just added a comment in my comment
Sat Jul 11, 2015, 11:31 PM
Jul 2015

the jebs and the others in the "ruling class" have to get it that the party is over

no matter who the d nominee is

over.

peacebird

(14,195 posts)
54. A united force, but somehow I trust Bernie and Elizabeth to deliver - I have a hard time believing
Sun Jul 12, 2015, 04:28 PM
Jul 2015

Hillary won't revert to corporatist if elected.

sadoldgirl

(3,431 posts)
9. Let us remember though that this is
Sat Jul 11, 2015, 11:26 PM
Jul 2015

happening during a primary. Campaign promises as we
all know are not to be taken as true intentions, unless
they have roots in past actions.

It is true that grassroots have to insist on certain issues
before leaders react, however just placating the people
with "I have changed my mind" is not necessarily to be taken
at face value.

pnwmom

(108,980 posts)
10. When the world changes, leaders need to be responsive.
Sat Jul 11, 2015, 11:27 PM
Jul 2015

The Rethugs are locked in a worldview of the past. The Democrats are not.

sadoldgirl

(3,431 posts)
16. I wait for her to forgo her super pac
Sat Jul 11, 2015, 11:44 PM
Jul 2015

and to declare that the large banks have to be
broken up, to know that she is just trying to
preempt her competitors.

pnwmom

(108,980 posts)
59. Right. Because it doesn't matter how much the Koch brothers and other Rethug pacs
Sun Jul 12, 2015, 04:53 PM
Jul 2015

are willing to spend. Who cares if they win, as long as we stand on our principles?

sadoldgirl

(3,431 posts)
19. Amazing, is it not, what a popular
Sat Jul 11, 2015, 11:59 PM
Jul 2015

opponent can do to suddenly change your mind?!

BTW, propaganda was first used by the
catholic church, and they know what works.

BrotherIvan

(9,126 posts)
21. It tells you that her internal polling says she's got to move LEFT
Sun Jul 12, 2015, 12:14 AM
Jul 2015

But, c'mon, this is getting sad now. Free Hillary Clinton! Let Hillary be Hillary! She does have good characteristics and she should run on them.

pnwmom

(108,980 posts)
20. The world has changed since 1992, when Bill Clinton replaced Bush as President.
Sun Jul 12, 2015, 12:12 AM
Jul 2015

The Internet has changed everything, globalization has changed everything, global warming has changed everything, and any responsible politician would have to recognize those changes.

And yet none of the Rethugs seem to. I'm glad the Dems are united in understanding the changes that have occurred and the responses that will be necessary.

TheFarseer

(9,323 posts)
26. wonder what she'll be saying when she's running against Scott Walker
Sun Jul 12, 2015, 12:55 AM
Jul 2015

I hope she'll still be trying to sound like Bernie Sanders.

pnwmom

(108,980 posts)
27. I think all the Dems will be on the same page, with the possible exception
Sun Jul 12, 2015, 12:56 AM
Jul 2015

of re-cycled Republicans like Lincoln Chaffee.

 

MannyGoldstein

(34,589 posts)
67. Says the woman who adores Reagan's acolyte
Mon Jul 13, 2015, 12:31 AM
Jul 2015


Are you mad ate because I shed that philosophy 30 years ago? If I re-adopt it, so I believe the same things our President does, will that make you happy?
 

MannyGoldstein

(34,589 posts)
70. I've missed your posts critical of Obama
Mon Jul 13, 2015, 12:46 AM
Jul 2015

for claiming to follow Reagan's policies.

I'll keep looking.

 

MannyGoldstein

(34,589 posts)
64. It's almost more fun like that.
Sun Jul 12, 2015, 11:34 PM
Jul 2015


It's interesting to correlate political leanings with ability to catch a joke...

gwheezie

(3,580 posts)
32. I'm looking forward to this
Sun Jul 12, 2015, 01:10 AM
Jul 2015

I'm glad she's including the poor rather than focusing only on the middle class. I agree with the concept of a rising tide lifts all boats but there are specific issues dealing with poverty that need to be put into policy. For years I've had a slightly cynical feeling when the attack on the middle class rhetoric is used. What about poor people? If middle-class have fallen to low income, what the GOP economy has done to poor people is a disaster We are looking at a generation that has been devastated. Don't get me wrong, each party is going after the middle class vote, I get that but once again we need a strong position to address poverty.

Response to pnwmom (Original post)

 

Doctor_J

(36,392 posts)
37. I'm liking that she's adopting Sanders policies, at least pretending to
Sun Jul 12, 2015, 09:30 AM
Jul 2015

I don't really trust her to fight for them after being elected though. She already said that she will appease the republicans once in the white house.

pnwmom

(108,980 posts)
39. She never said "appease" and you know it. And any President, including Sanders,
Sun Jul 12, 2015, 11:16 AM
Jul 2015

will have to work with the Rethugs in order to get any legislation passed. Unless we can somehow manage to get a majority in the gerrymandered House and 60 votes in the Senate.

emsimon33

(3,128 posts)
55. Maybe
Sun Jul 12, 2015, 04:32 PM
Jul 2015

The proof is/will be in who she chooses as advisers (although Obama as candidate had some great advisers whom he dumped for corporate and Wall Street shills as soon as he was elected)....so I am not so trusting any more of what a candidate claims when running for office and Hillary's and Bill's track record. Further, her donor list tends to belie her supposed shift to the left.

Yes, I do believe that Hillary has a solid track record when it comes to women's issues, but in other areas the track record is not so bright and shiny.

Bill Clinton is probably the brightest president that we have had in my lifetime. (Could also be Kennedy or Carter, but Clinton is very, very sharp.) While he left a solid economy, the political trade offs that he made have been devastating. Unlike Shrub who is too dumb to be held accountable for the outcomes of his administration, Clinton can not escape accountability.

I would rather not find out after she is elected that Hillary, like Obama, is really just another Third Way "Democrat," beholden to corporate, financial institution, and Wall Street masters.

At least, I am over holding my nose and voting for the least objectionable candidate. Hillary, like Obama, will be a divisive president and this divisiveness will only further, I fear, the goals of the powerful and elite.

quickesst

(6,280 posts)
58. Kick...
Sun Jul 12, 2015, 04:45 PM
Jul 2015

...and Recommended. Plus I picked up a couple more names to add to my PCM List. That would be Pissin' , Moaning ,and Crying or what most call ignore. After all, its just angry blubbering like a baby who has lost their pacifier. Not my kid, so why listen to it.

Robbins

(5,066 posts)
62. What a bunch of crap
Sun Jul 12, 2015, 05:31 PM
Jul 2015

and if people really buy what she says they are idiots.

Hillary is for corporations,banks,and wall street.they are where she is getting 100 million for primarys and 1 billion for election in 2016 if people are idiots.

She is corporist not liberal.

 

Sheepshank

(12,504 posts)
75. Well done Hillary!
Wed Jul 15, 2015, 01:19 PM
Jul 2015

decades of working for and advocating for the middle class. This is a good start. She is coming up with tangibles. With a real workable plan. I hear on MSNBC that this is is one of over a dozen roll outs for actual plans to get the middle class moving forward. She will deliberately piece out these details.

Skwmom

(12,685 posts)
78. The problem with someone espousing a plan is that you have to actually believe
Wed Jul 15, 2015, 03:16 PM
Jul 2015

they mean what they say and are not just telling you what you want to hear....

As they say... fool me once, shame on you; fool me twice, shame on me...



pnwmom

(108,980 posts)
79. The problem with suggesting anyone else could do better is Congress.
Wed Jul 15, 2015, 05:12 PM
Jul 2015

I"ve seen no evidence Bernie could do any better job leading there --though he makes great speeches. How many bills has he written and gotten passed?

Skwmom

(12,685 posts)
83. Oh come on, let's be honest.
Sat Jul 18, 2015, 01:25 PM
Jul 2015

The writing of most of the bills in Congress are done by the special interests who have paid big $$$$ to do so.

And then when they return to the industry from whence they came they get to really cash in

What a system.

pnwmom

(108,980 posts)
85. And how does that address my point? Given Congress, how can you expect any President
Sat Jul 18, 2015, 02:10 PM
Jul 2015

to make a lot more headway than Obama, for instance?

Latest Discussions»Retired Forums»2016 Postmortem»Hillary's economic plan a...