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DemocratSinceBirth

(99,710 posts)
Tue Jul 14, 2015, 12:56 PM Jul 2015

Joe Stiglitz Gives Thumbs Up To Clinton's Economic Plan




New York—Roosevelt Institute Chief Economist and Nobel laureate Joseph Stiglitz released the following statement following Hillary Clinton’s economic address. Stiglitz and Roosevelt staff have held multiple briefings with Clinton campaign staff over the past several months on Roosevelt’s Rewriting the Rules of the American Economy agenda.

“This speech showed a clear understanding that our economy is no longer working for most Americans, that the rules of the economy matter, and that we need to fundamentally rewrite the rules to ensure our nation and its people can live up to their full potential. Growth is not achieved by pulling a number out of thin air but by focusing on and investing in our families and communities, ensuring Americans can earn enough to afford a middle-class life, and making our financial markets work for everyday Americans rather than the short-term interests of CEOs and speculators.

Today Hillary Clinton began to offer the kind of comprehensive approach we need to tackle the enormous economic challenges we face, one that is squarely in line with what we have called for at the Roosevelt Institute.”



http://crooksandliars.com/2015/07/joe-stiglitz-gives-thumbs-clintons






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Joe Stiglitz Gives Thumbs Up To Clinton's Economic Plan (Original Post) DemocratSinceBirth Jul 2015 OP
We have been assured that the GOP Congress will not work with any Democratic president. So moot. djean111 Jul 2015 #1
And it likely is. But didn't you just respond to me under another OP that you call Hillary a 3rd stevenleser Jul 2015 #3
Yes. Yes I did. I do not take campaign blather to heart. Anyone who needed 200 djean111 Jul 2015 #11
So the Nobel Laureate here is stupid for liking her economic positions 'cause its "campaign blather" stevenleser Jul 2015 #17
She only has one economic adviser. JaneyVee Jul 2015 #18
Just her campaign blather? Or all of those campaigning? Jakes Progress Jul 2015 #44
I do not listen to ANY speeches any more. Or check out the demographics of those attending. djean111 Jul 2015 #45
Wouldn't that make the former Nobel Prize winning economist a 3rd Wayer by inference? DemocratSinceBirth Jul 2015 #16
I think I'm sentient. rogerashton Jul 2015 #24
Are/were there many Nobel Prize winning economists to the left of Joe? DemocratSinceBirth Jul 2015 #28
That's your judgment. rogerashton Jul 2015 #33
Are you an Economics Professor? DemocratSinceBirth Jul 2015 #37
Hillary can possibly lead to a Dem takeover in the Senate. JaneyVee Jul 2015 #10
Uh oh. The bottom of the bus is getting kinda crowded. Is there really gonna be room for Stiglitz? DanTex Jul 2015 #2
I thought the Nobel Prize winning economist is a rock star around here./nt DemocratSinceBirth Jul 2015 #19
I thought so too... quickesst Jul 2015 #39
Would you say his fall from grace here has been precipitous?/nt DemocratSinceBirth Jul 2015 #50
For many..... quickesst Jul 2015 #55
He's a rock star -- only when he's helping to bash Obama. Hoyt Jul 2015 #53
You got it, Hoyt! Cha Jul 2015 #61
Well, his days of fame seem numbered now: freshwest Jul 2015 #49
Now that is going to hurt! sheshe2 Jul 2015 #62
+1 Jamaal510 Jul 2015 #65
Yes, I knew that one but forgot it. Thanks for the link! Yes, they're both conventional leaders. n/t freshwest Jul 2015 #66
That is a strong recommendation Gothmog Jul 2015 #4
Indeed MoonRiver Jul 2015 #6
I will rely on the judgment of the Nobel Prize winning economist and not the judgment... DemocratSinceBirth Jul 2015 #8
First thing that came to my mind is this probably has someone screaming at their boston bean Jul 2015 #5
There is a lot of cognitive dissonance today among the Hillary and Obama critics. stevenleser Jul 2015 #9
Good job, Bernie! Wilms Jul 2015 #7
Why haven't any Nobel Prize winning economists embraced Senator Sanders' positions ? DemocratSinceBirth Jul 2015 #13
Well, he did say that Bernie had the most progressive agenda and that he hopes that pressure is put Luminous Animal Jul 2015 #25
Thank you for posting that. It seems Madame Secretary has taking his wise counsel to heart. DemocratSinceBirth Jul 2015 #31
...! KoKo Jul 2015 #36
Here you are: rogerashton Jul 2015 #27
It seems imprudent to cite retroactive endorsements./nt DemocratSinceBirth Jul 2015 #30
Imprudent? rogerashton Jul 2015 #35
What is the old saw from Keynes? DemocratSinceBirth Jul 2015 #38
And which Stiglitz was hoping for. Luminous Animal Jul 2015 #32
Bernie "has been most articulate over a longer period of time" than Hillary. Maedhros Jul 2015 #34
Good endorsement. KNR! JaneyVee Jul 2015 #12
I really like the way she is rolling out her agenda.... Walk away Jul 2015 #14
It is a very linear approach to the campaign. DemocratSinceBirth Jul 2015 #20
I really like it. It makes everyone else look sort of desperate... Walk away Jul 2015 #23
As mentioned many times before, GOP "Fs" up America Iliyah Jul 2015 #15
HRC should make Joe Stiglitz Secretary Of The Treasury/nt DemocratSinceBirth Jul 2015 #21
But she won't BrotherIvan Jul 2015 #22
Joe was chairman of the CEA under another Clinton rogerashton Jul 2015 #29
Stiglitz would need a cabinet position, not an honorary title if Clinton is serious about this JDPriestly Jul 2015 #41
"But look at Bill Clinton's term. He cut aid to poor mothers." DemocratSinceBirth Jul 2015 #46
That was before the real damage that NAFTA (a bill he signed) took its toll. JDPriestly Jul 2015 #47
Bill Clinton presided over the longest economic expansion in the history of the republic DemocratSinceBirth Jul 2015 #48
Excellent point ismnotwasm Jul 2015 #59
Most objective analysis was very positive about it still_one Jul 2015 #26
Will Hillary appoint Stiglitz as Secretary of the Treasury or Secretary of Commerce? JDPriestly Jul 2015 #40
That's good! ananda Jul 2015 #42
Hillary has done her homework. Laser102 Jul 2015 #43
So, this must be bad! shenmue Jul 2015 #51
He liked her language anyway whatchamacallit Jul 2015 #52
Kick & highly recommended! William769 Jul 2015 #54
Key word: "began" to offer... polichick Jul 2015 #56
Clinton utilized information from the meetings she had with him and then used it in parts Jefferson23 Jul 2015 #57
Hillary has surrounded herself with professionals, she has delivered some of her business plan as Thinkingabout Jul 2015 #58
That's a remarkable endorsement. But honestly, I'm here for the Shirley, Britta and Annie pic Number23 Jul 2015 #60
Lol~ sheshe2 Jul 2015 #63
KnR sheshe2 Jul 2015 #64
... DemocratSinceBirth Jul 2015 #68
Awww snap, that one's good too! Number23 Jul 2015 #70
I like this one too.... DemocratSinceBirth Jul 2015 #71
Stiglitz likes Hillary's Economic Message.. Well how about that! Is he one of those Cha Jul 2015 #67
Anyone got a TLDR of her plan? Specifics requested. grahamhgreen Jul 2015 #69
 

djean111

(14,255 posts)
1. We have been assured that the GOP Congress will not work with any Democratic president. So moot.
Tue Jul 14, 2015, 12:59 PM
Jul 2015

And many of us are wary of campaign rhetoric.
I do believe that the trickle-down of corporate profit-sharing is a joke.

 

stevenleser

(32,886 posts)
3. And it likely is. But didn't you just respond to me under another OP that you call Hillary a 3rd
Tue Jul 14, 2015, 01:01 PM
Jul 2015

wayer because of her economic positions?

 

djean111

(14,255 posts)
11. Yes. Yes I did. I do not take campaign blather to heart. Anyone who needed 200
Tue Jul 14, 2015, 01:06 PM
Jul 2015

advisers in order to come up with campaign blather is just saying what she has been assured the people want to hear. IMO and all that. And, again, touting corporate profit-sharing is just tone-deaf. The corporations are not really going to do that, and it would not benefit that many people if they did.

 

stevenleser

(32,886 posts)
17. So the Nobel Laureate here is stupid for liking her economic positions 'cause its "campaign blather"
Tue Jul 14, 2015, 01:10 PM
Jul 2015

Come on. You seem like a reasonable person.

 

JaneyVee

(19,877 posts)
18. She only has one economic adviser.
Tue Jul 14, 2015, 01:10 PM
Jul 2015

But if saying 200 makes you feel better perhaps you can list at least 10 of her economic adviser's?

 

djean111

(14,255 posts)
45. I do not listen to ANY speeches any more. Or check out the demographics of those attending.
Tue Jul 14, 2015, 03:16 PM
Jul 2015

I read what they have to say, and compare that with past deeds and associations. And, of course, I have been advised, over the past few years, that campaign speeches are what politicians have to say in order to get elected, and one is just being picky if they expect them to actually follow through.

That is how I decide MY vote. Others decide theirs differently. C'est la vie and all that!

DemocratSinceBirth

(99,710 posts)
16. Wouldn't that make the former Nobel Prize winning economist a 3rd Wayer by inference?
Tue Jul 14, 2015, 01:09 PM
Jul 2015

I don't believe any sentient person believe Joe Stiglitz is a 3rd Wayer.


rogerashton

(3,920 posts)
24. I think I'm sentient.
Tue Jul 14, 2015, 01:28 PM
Jul 2015

And that makes me sentient doesn't it? Cogito ergo sum.

And while I don't really know what a 3d wayer is, exactly, Joe's position is that capitalism would work fine if only we had a government that would restrain what he calls "rent seeking." Tinker with the details, don't change anything fundamental.

And I could give a long list of Nobel Prize-winning economists who are way to the right of Joe -- the Nobel Memorial Prize for Economic Science has honored economists at every point on the spectrum.

Here are just three:

James Buchanan
Milton Friedman
Edmund Phelps.

Check'em out and think a little about how a Nobel qualifies an economist as a progressive.

http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/

DemocratSinceBirth

(99,710 posts)
28. Are/were there many Nobel Prize winning economists to the left of Joe?
Tue Jul 14, 2015, 01:36 PM
Jul 2015

Robert Solow -No
Paul Krugman-No
Paul Samuelson-No

I suspect most economists are garden variety Keynesians like Stiglitz, Solow,Krugman, and Samuelson with a few who belong to the Austrian School Of Economics.

rogerashton

(3,920 posts)
33. That's your judgment.
Tue Jul 14, 2015, 01:46 PM
Jul 2015

I would say Krugman and Samuelson (and Akerlof, who shared the Nobel with Joe) probably are to Joe's left, though that's a pretty blurry comparison. And Krugman has evolved.

I suspect that most of the economists I hang around with are "New Keynesians" (which puts them well to the right of Keynes -- in economics "new" means "not really&quot or free marketeers, and since I listen to many of their research papers, I'm pretty confident of that judgment. The only Austrian economist I've met recently was an undergraduate student. Brilliant young man, though.

DemocratSinceBirth

(99,710 posts)
37. Are you an Economics Professor?
Tue Jul 14, 2015, 01:54 PM
Jul 2015

My friend was a professor at USC who recently moved to Thailand to teach...I did post grad work in Poli Sci in the 80s and took several courses in Economics...It seemed most of my professors were garden variety liberals with the occasional small c conservative or Republican and the even more occasional Marxist.

The problem here is a lot of folks don't operationalize their terms and just use terms as epithets like neo-liberals which I don't believe there are many here.

 

JaneyVee

(19,877 posts)
10. Hillary can possibly lead to a Dem takeover in the Senate.
Tue Jul 14, 2015, 01:05 PM
Jul 2015

The House is gerrymandered for another decade.

quickesst

(6,280 posts)
55. For many.....
Tue Jul 14, 2015, 04:23 PM
Jul 2015

...here on DU? Yep, and his sharp fall can be summed up in one name. Hillary. Any support for her will result in a target on their backs, including teachers, black people,, and women, and referred to as low information people who base their support on "name recognition". In other words, they're stupid if they don't support Bernie Sanders. Real honesty can be rather elusive here at times, but I'm pretty sure that most of DU knows that there are those who have a pure hatred of HRC, and no matter what she says, or does, won't alter that. These are the ones who skim the edge of the Randi "Hillary is a fucking whore" Rhodes line, lightly brushing, but not crossing it for fear of being banned. Better to Live on the edge free to express their hatred, than going all in with one big punch. These are the people whose animosity toward Clinton runs far deeper than their support for their chosen candidate. If anyone can't tell, I only dance around things when the music is playing, and right now I don't hear any.

freshwest

(53,661 posts)
49. Well, his days of fame seem numbered now:
Tue Jul 14, 2015, 03:27 PM
Jul 2015
Bernie Sanders Hints At What A Sanders Administration Cabinet Could Look Like

Posted: 07/05/2015 10:50 am EDT Updated: 5 hours ago

Democratic presidential candidate and Vermont Sen. Bernie Sanders (I) offered a first glimpse on Sunday of some of the people he might consider for his cabinet in a potential Sanders administration, and a few that he certainly won't.

"My cabinet would not be dominated by representatives of Wall Street," Sanders said on CNN's "State of the Union." "I think Wall Street's played a horrendous role in recent years, in negatively impacting our economy and in making the rich richer. There are a lot of great public servants out there, great economists who for years have been standing up for the middle class and the working families of this country."

Prompted by host Jake Tapper, Sanders went on to praise Paul Krugman, the New York Times columnist and Nobel Prize-winning economist. Krugman is a vocal opponent of tax cuts for the rich, and he has warned readers for years about the dangers of income inequality. "Krugman does a great job," Sanders said.

Also doing a great job, Sanders said, is Columbia University economics professor and Nobel laureate Joseph Stiglitz, whose recent work has focused on the perils of radical free markets, such as those espoused by some in the libertarian wing of the GOP.


http://www.huffingtonpost.com/2015/07/05/bernie-sanders-cabinet_n_7730208.html

to Jefferson23:

http://www.democraticunderground.com/1251426778

I've said for a while, since HRC helped fund Bernie's Senate run, they don't have core differences. They merely have a difference in how to get to the same goals. They both support Israel, with Bernie being the one who elucidated his best, saying they protected us from ISIS, who he says must be wiped out.

He's not against sending tax dollars to defense corporations or funding wars he may not have approved of; he's even for using drones to prevent employing ground troops, but not ready to leave the theater of war in the Middle East. He voted for the bombing of Kosovo, too.

They're both for public schools, unions, free college and pre-school; increasing taxes on the rich and expanding the social safety net; and rebuilding infrastructure, both physical and social; they both see working on climate change and more positive foreign policy as goals.

There are other similiarities. I'm comfortable whatever either of them do. Clinton has been closer to seeing the responsibilities of POTUS. Let's not delude ourselves that voting for POTUS is voting for the Prince of Peace. That eagle holds olive leaves in one claw and arrows in the other.

I see him as just as 'hawkish' as she is but he seems less open about his foreign policy than she has been. After all, she was SoS and followed Obama's orders to keep us out of warfare not bound by treaties. Both support NATO.

Add to that, the GOP has long framed Clinton because of her community organizing, push for the rights of women and children; and other things that Democrats want, as a wild eyed socialist. A democratic socialist, with universal coverage of social services.

She has had to deal with the Gingrich majority and the Bush years. And then the Tea Party but less directly. The Koch front groups have been working on the American mind to get them to distrust and loathe her as much as Rush and RW fundies do. As Mike Malloy said:

"Clinton haters are the scum of the Earth."

Most of us who were of age when Bill was elected, saw the Starr Chamber, its intimidation and persecution of those who didn't say what they wanted them to say, terrorizing people and destroying lives, in order to derail his agenda, then shut down the government causing people to die, literally, and all they did to degrade the office of the POTUS, know just what has been said and done.

And virtually all the cable and radio pundits that made their start in media going after Bill daily, along with RW fundies, are still influencing the mind. This is the machine going after her, and it's just as effective as it has been since the Nixon era. I'm sure the RW cabal has not forgotten that HRC was right up there in D.C. trying to get Nixon impeached, but he resigned and was immediately pardoned by Ford.

And so they got away with it. I'm not content to let them get away with it again.

Jamaal510

(10,893 posts)
65. +1
Wed Jul 15, 2015, 12:24 AM
Jul 2015

I heard before that BS supports drone usage, but wasn't 100% sure. I'm surprised to not hear pundits like Ed and Thom touch often on his stance with that, considering that they both oppose drone usage and have criticized Pres. O for using that strategy.

And this is somewhat unrelated to your post, but I also was unaware that BS didn't vote in favor of shutting down GITMO when it was up.
http://archives.politicususa.com/2011/07/16/dont-blame-obama-only-6-democratic-senators-voted-to-fund-closing-gitmo.html
LW pundits talk about the need for him to pull HC to the left, but he has room to move leftward on an assortment of issues, as well.

freshwest

(53,661 posts)
66. Yes, I knew that one but forgot it. Thanks for the link! Yes, they're both conventional leaders. n/t
Wed Jul 15, 2015, 12:26 AM
Jul 2015

DemocratSinceBirth

(99,710 posts)
8. I will rely on the judgment of the Nobel Prize winning economist and not the judgment...
Tue Jul 14, 2015, 01:04 PM
Jul 2015

I will rely on the judgment of the Nobel Prize winning economist and not the judgment of some angry internet posters.


boston bean

(36,221 posts)
5. First thing that came to my mind is this probably has someone screaming at their
Tue Jul 14, 2015, 01:01 PM
Jul 2015

puter screen.

This person loves Stiglitz, and to hear him say something nice about Clinton.... LOL

 

stevenleser

(32,886 posts)
9. There is a lot of cognitive dissonance today among the Hillary and Obama critics.
Tue Jul 14, 2015, 01:05 PM
Jul 2015

And they are very upset at anyone who points it out!

DemocratSinceBirth

(99,710 posts)
13. Why haven't any Nobel Prize winning economists embraced Senator Sanders' positions ?
Tue Jul 14, 2015, 01:07 PM
Jul 2015

Could you please share with me any noted economists who have embraced Senator Sanders' plans.


Thank you in advance.


Luminous Animal

(27,310 posts)
25. Well, he did say that Bernie had the most progressive agenda and that he hopes that pressure is put
Tue Jul 14, 2015, 01:33 PM
Jul 2015

on Hillary to match.

BI: Which candidate (or potential candidate) do you think is best for the economy in 2016?

JS: As far as I know, all three of the announced Democratic candidates — Bernie Sanders, Hilary Clinton — and…has [Martin] O’Malley announced? They’ve all actually announced that they’re very concerned about the issue. And they have begun to roll out agendas. Bernie Sanders is the most progressive and has been most articulate over a longer period of time, laying out a pro-equality agenda. I think everybody hopes that the pressure is being put on Hillary to match.

Read more: http://www.businessinsider.com/nobel-laureate-joseph-stiglitz-2015-4#ixzz3ft821mS0

DemocratSinceBirth

(99,710 posts)
31. Thank you for posting that. It seems Madame Secretary has taking his wise counsel to heart.
Tue Jul 14, 2015, 01:44 PM
Jul 2015

“This speech showed a clear understanding that our economy is no longer working for most Americans, that the rules of the economy matter, and that we need to fundamentally rewrite the rules to ensure our nation and its people can live up to their full potential. Growth is not achieved by pulling a number out of thin air but by focusing on and investing in our families and communities, ensuring Americans can earn enough to afford a middle-class life, and making our financial markets work for everyday Americans rather than the short-term interests of CEOs and speculators.

Today Hillary Clinton began to offer the kind of comprehensive approach we need to tackle the enormous economic challenges we face, one that is squarely in line with what we have called for at the Roosevelt Institute.”

rogerashton

(3,920 posts)
27. Here you are:
Tue Jul 14, 2015, 01:35 PM
Jul 2015
http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1979/lewis-facts.html

Of course Sir Arthur is deceased, but his democratic socialist ideas were very congruent with Bernie's, then and now.

Here is another:

http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1974/myrdal-facts.html

Also deceased, alas. On the other side, here are 5 Nobel economists who endorsed Romney:

http://beforeitsnews.com/opinion-conservative/2012/08/five-nobel-prize-winning-economists-endorse-mitt-romney-2461890.html

Well. Actually, I think Stiglitz IS one of the good guys in economics. But "in economics" is a strong limitation.

rogerashton

(3,920 posts)
35. Imprudent?
Tue Jul 14, 2015, 01:48 PM
Jul 2015

Granted, dead men can't endorse. But we can learn from them. (Even dead white men: that would apply to Myrdal.)

DemocratSinceBirth

(99,710 posts)
38. What is the old saw from Keynes?
Tue Jul 14, 2015, 01:58 PM
Jul 2015
“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist..."

Luminous Animal

(27,310 posts)
32. And which Stiglitz was hoping for.
Tue Jul 14, 2015, 01:44 PM
Jul 2015

BI: Which candidate (or potential candidate) do you think is best for the economy in 2016?

JS: As far as I know, all three of the announced Democratic candidates — Bernie Sanders, Hilary Clinton — and…has [Martin] O’Malley announced? They’ve all actually announced that they’re very concerned about the issue. And they have begun to roll out agendas. Bernie Sanders is the most progressive and has been most articulate over a longer period of time, laying out a pro-equality agenda. I think everybody hopes that the pressure is being put on Hillary to match.

Read more: http://www.businessinsider.com/nobel-laureate-joseph-stiglitz-2015-4#ixzz3ft821mS0
 

Maedhros

(10,007 posts)
34. Bernie "has been most articulate over a longer period of time" than Hillary.
Tue Jul 14, 2015, 01:48 PM
Jul 2015

That means a lot vis-a-vis commitment to change.

Walk away

(9,494 posts)
14. I really like the way she is rolling out her agenda....
Tue Jul 14, 2015, 01:09 PM
Jul 2015

She is keeping everything very low key as she begins to outline each of her ideas and how to accomplish them. It is almost non-political the way she is approaching this campaign. Instead of ginning up crowds with talking point she speaks in "learning points" as she explains each challenge.

I am looking forward to the next few months and hearing more about her plans before things get crazy in the general. I am sure she will still come off as the adult in the room but, odds are, her opponent will be a jerk or a lunatic!

Walk away

(9,494 posts)
23. I really like it. It makes everyone else look sort of desperate...
Tue Jul 14, 2015, 01:23 PM
Jul 2015

and reactive. Even my 89 year old Dad finds it clear and compelling. She isn't playing into peoples ideologies or fears, she is outlining how our approach to the economy needs to change in order for every American to live, work and enjoy health care in a fair and reasonable way. If anyone can make it happen, I believe she can.

Iliyah

(25,111 posts)
15. As mentioned many times before, GOP "Fs" up America
Tue Jul 14, 2015, 01:09 PM
Jul 2015

Last edited Tue Jul 14, 2015, 01:50 PM - Edit history (1)

wherein Dems brings life back into it. All the negatives from both left and right, total obstruction of the GOPs, but Pres O is marching on although many roads have been blocked. I'm positive preferably with HRC in the WH, America will continue on a path of betterment for the poor and middle class.

Cheers!

rogerashton

(3,920 posts)
29. Joe was chairman of the CEA under another Clinton
Tue Jul 14, 2015, 01:40 PM
Jul 2015

He might not want treasury. That would probably be a demotion relative to CEA.

JDPriestly

(57,936 posts)
41. Stiglitz would need a cabinet position, not an honorary title if Clinton is serious about this
Tue Jul 14, 2015, 03:00 PM
Jul 2015

The CEA gives advice. The Sec. of the Treasury holds the money.

Clinton makes these proposals (which by the way do nothing to make the too big too fail banks less risky for our economy and which do not go into enough detail about what taxes will be raised and what programs CUT to fund the new policies) easily enough, but really appointing the people to her cabinet to put them into practice is something I do not see her doing. Cabinet positions are often given to big donors or to the picks of big donors. And Hillary has a waiting line of big donors (and big payers for her speeches) wanting to "serve."

I just don't trust Hillary to put even this platform which is modest compared to Bernie's into action. Nice talk. But look at Bill Clinton's term. He cut aid to poor mothers.

DemocratSinceBirth

(99,710 posts)
46. "But look at Bill Clinton's term. He cut aid to poor mothers."
Tue Jul 14, 2015, 03:16 PM
Jul 2015

Look at Bill Clinton's term(s)


-Twenty eight million new jobs
-Lowest unemployment rate in a generation
-Longest economic expansion in the history of the republic.
-Lowest poverty rate in a generation-
-Lowest levels of African American unemployment in history
-Lowest levels of Hispanic unemployment in history
-Highest level of African American home ownership in history

JDPriestly

(57,936 posts)
47. That was before the real damage that NAFTA (a bill he signed) took its toll.
Tue Jul 14, 2015, 03:22 PM
Jul 2015

What is Hillary saying about the outsourcing of American jobs, our trade deficit, the H1-B visas, etc.

Clinton's presidency saw a huge dot-com bubble, and his signing of the repeal of Glass-Steagall freed the banks to use federally insured money to gamble on derivatives. That was wrong, completely irresponsible. The outcome was predictable.

And now Hillary does not want to reinstate a Glass-Steagall restraint on the banks. At least so far she has not as far as I have heard agreed to do so. That is vital.

And we need to know more specifically just how Hillary would deal with trade. The TPP was in part negotiated while she was at the State Department, and her husband signed NAFTA.

NAFTA meant the export of a lot of American industrial jobs to Mexico. We need those jobs here.

And the repeal of Glass-Steagall allowed Bush to just let the banks do what they wanted. We are still paying for the mistakes of the Clinton administration and the horrible irresponsibility and meanness and greed of the Bush bunch.

Bernie will not make the mistakes that Bill made. Hillary will -- and possibly worse. She is no match for Bernie.

DemocratSinceBirth

(99,710 posts)
48. Bill Clinton presided over the longest economic expansion in the history of the republic
Tue Jul 14, 2015, 03:26 PM
Jul 2015

Bill Clinton presided over the longest economic expansion in the history of the republic and I eagerly look forward to Madame Secretary ushering in a new one.


I will add that as a Nobel Prize winning economist Joseph Stiglitz is aware of probabilities and that is why he is throwing in his lot with Madame Secretary because she is the Democrat most probable to be our forty fifth president.

JDPriestly

(57,936 posts)
40. Will Hillary appoint Stiglitz as Secretary of the Treasury or Secretary of Commerce?
Tue Jul 14, 2015, 02:51 PM
Jul 2015

That's the question. It's one thing to prepare a half-way decent economic platform to run on (half-way because there is no mention of passage of a new Glass-Steagall Act which we need and no stated intention to break up the big banks which we also need), but it is quite another to actually run the country while keeping enough distance from the big banks like Citigroup and Goldman Sachs and the various Chase banks, to put that platform into action.

Bernie has listed the people he will appoint to the top economic posts -- Robert Reich is one. Hillary needs to list her picks too.

That's where Obama went wrong. He is a wonderful person and has done well with foreign policy, cleaning up the Bush messes about as well as any president could, but his economic appointments, his failure to impose limits on the bankers' bonuses, his failure to come out stronger for improving Social Security benefits, etc. were not good policies.

If I thought Clinton would appoint Elizabeth Warren, Stiglitz, Krugman or Robert Reich or some critic of our financial sector to the top economic posts in her cabinet, I would feel more positive about her candidacy. There is still the problem about her many bad votes, demonstrations of poor judgment (like her yes on the Iraq War Powers resolution) and her very convenient (and dare I ask if they were opportunistic?) epiphanies or "evolutions" on social issues like gay marriage, etc so I probably would not vote for her, but I am happy to see she has Stiglitz on board -- if only for show.

I wonder how much money it would take to persuade Hillary to "evolve" on this economic platform. And does it include putting Social Security money in a lock box so that Social Security benefits cannot be cut to pay for other social programs. And where are the cuts to our excessively large military budget?

Laser102

(816 posts)
43. Hillary has done her homework.
Tue Jul 14, 2015, 03:07 PM
Jul 2015

She has met with economists and used their advice to form her economic policies. She has always been a very intelligent woman. I'm looking forward to her presidency.

Jefferson23

(30,099 posts)
57. Clinton utilized information from the meetings she had with him and then used it in parts
Tue Jul 14, 2015, 04:38 PM
Jul 2015

of her speech. What he said: Today Hillary Clinton began to offer the kind of comprehensive approach we need to tackle the enormous economic challenges we face, one that is squarely in line with what we have called for at the Roosevelt Institute.”

What he is saying is she accepts his ideas, which would be a relief if she wins the nomination and then the WH
and puts them into practice.

A little bit more for clarity here in this interview with Stiglitz..the title is a little deceiving..he is
stating she is better than all of the Republicans, he is not talking about any of the Democrats
running:



http://live.huffingtonpost.com/r/archive/segment/55380d0dfe3444bbe40002b4

Thinkingabout

(30,058 posts)
58. Hillary has surrounded herself with professionals, she has delivered some of her business plan as
Tue Jul 14, 2015, 07:01 PM
Jul 2015

president, this is what a real leader does. There will be more details given in the future, great job.

Number23

(24,544 posts)
60. That's a remarkable endorsement. But honestly, I'm here for the Shirley, Britta and Annie pic
Tue Jul 14, 2015, 10:35 PM
Jul 2015

I want to make it my avatar.

Cha

(297,237 posts)
67. Stiglitz likes Hillary's Economic Message.. Well how about that! Is he one of those
Wed Jul 15, 2015, 04:22 AM
Jul 2015

"authoritarians" that so many like to call others who don't agree with them?

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