Saturday, November 1, 2014

Does Hillary Clinton Hate Business?

Stephen Moore /@StephenMoore
So now, Hillary Clinton is saying: Never mind, I goofed.  The former senator, secretary of state and first lady on Friday declared that businesses and corporations don’t create jobs. Yesterday, she, ahem, clarified things.  “I short-handed this point the other day,” she said. “So let me be absolutely clear about what I’ve been saying for a couple of decades: Our economy grows when businesses and entrepreneurs create good-paying jobs here in America, and workers and families are empowered to build from the bottom up and the middle out — not when we hand out tax breaks for corporations that outsource jobs or stash their profits overseas.”
It’s no wonder Clinton was forced to retract. Her statement about businesses and jobs may have been the most mocked utterance by a political leader since Al Gore boasted that he invented the Internet.………Clinton also was wrong when she said Reaganomics–or what she calls “trickle down economics”–”failed spectacularly.” She need only ask her husband, who signed into law a capital gains tax cut in 1997 that created jobs and nearly doubled capital gains tax revenues from $62 billion in 1996 to $110 billion in 1999. Bill Clinton also promoted free trade. He reformed the welfare state; he didn’t grow it as this president has.
Under President Reagan’s supply-side policies, the economy grew twice as fast as under President Obama’s pro-government schemes. The economy would be more than $2 trillion larger today if Obama’s recovery had kept pace with Reagan’s…….To Read More…..

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