In an economic speech that gives the impression that all is well in Clinton land, Hillary goes after big business. Clinton calls for more profit sharing and more growth. Clinton seems ready to show that she has something to say about the economy.
The Washington Times reports:
In an expansive economic speech on Monday, multimillionaire Hillary Clinton on Monday called wage inequality the “defining economic challenge of our time” and demanded that companies share profits with workers.
“As the shadow of crisis recedes and longer-term challenges come into focus, I believe we have to build a growth and fairness economy,” Clinton said, at The New School in New York City.
I am not sure what world Hillary is living in, but there seem to be a few problems with what she has to say concerning the economy. First is the fact that the crisis is far from over. There are over 8 Million people out of work in our country. Our unemployment overall is currently 5.3, but it gets worse when we break these numbers down.
The Department of Labor reports:
Among the major worker groups, the unemployment rates for adult men (4.8 percent), adult women (4.8 percent), and blacks (9.5 percent) edged down in June, while the rates for teenagers (18.1 percent), whites (4.6 percent), Asians (3.8 percent), and Hispanics (6.6 percent) showed little change.
So, it is hard to say that we see the shadow receding. Unemployment is still high, and there are things that need to be done to encourage economic growth. People have less money, and so they spend less. And with the TPP coming down the pipe, things will soon be getting worse. But what is worse than being out of touch is purposefully driving us in the wrong direction.
The Times continues:
You can’t have one without the other. We can’t create enough jobs and new businesses without more growth.
Well, now that Clinton overstated the obvious, I wonder if she would be kind enough to tell us exactly how she would do such a thing. We are sure not to see any of this new growth by taking more from the one who takes the most risk. If the person putting up the capital and getting all the buyers and investors is getting smaller and smaller pieces of the pie, why would they invest in America or Americans.
There is no incentive for new businesses to begin or for the existing ones to grow. Until this happens, there is little hope that there will be the needed growth. No growth means no jobs. Clinton has no hope of leading America back to the leader she should be. The reason is simple: she cannot hold to her progressive/socialist policies and be productive. God says that He allows a fool to be destroyed by his folly.
Clinton proves this, and if she becomes president, we, too, will suffer for her foolishness.