
At a time when emerging nations are generating significant income through capitalism and freeing up their markets, Hillary Clinton is calling for more socialistic economic programs for the country.
Just recently she was mocking Republican presidential candidate John McCain because his take on what he'd do with the economy was for the most part to leave it alone. One of the smarter statements McCain has made. Hillary's mocking laughter was a show of her extremely weak understanding of economics, and the "unintended consequences" interfering with market forces almost always ends up bringing.
What is Hillary calling the free market, capitalistic system? Here's what she said in an interview with USA Today: "Americans have been sold a bill of goods about the way the economy should work through a very concerted ideological effort at propaganda."
Amazing to hear her finally admit that she's a socialist. She believes it's propaganda to promote capitalism and free markets to people. She wants to expand control of markets by increasing government power and interference in them. Extraordinary when most the world is going the other way.
Clinton said "she will aggressively use federal tax and regulatory policy to promote key sectors of the U.S. economy." Oh boy, can't wait for that to happen.
In one of her more dangerous and reckless ideas and statements, Clinton said "government subsidies are needed to counteract the market's tendency to 'punish' investments that don't deliver swift returns."
No it's not Hillary. Warren Buffett has figured out in a free market how to manage those who attempt to cause vast flucations in a company's share price. We don't need more subsidies to artificially undergird any company.
Too bad Hillary wasn't sincere when commenting on this issue. She said, "People say all the time, 'We can't pick winners and losers.' Well, then fine. Take every single dollar of subsidy out of the federal tax code. Get rid of all of it. … Let's have a real level playing field where nobody gets a penny in subsidy," Clinton said in the USA Today interview. "Then see what happens. You'd hear the squeals of protest from Wall Street to Houston to Silicon Valley."
I tell you, I'd almost consider voting for Hillary if she wasn't being facetious in her above comments. It sounds like something Ron Paul would have suggested.
Again the problem with Hillary Clinton is she simply won't get into details about what she's thinking, rather she just attacks business, capitalism and the free market system. The only thing she said was she would protect the auto industry, steel industry and promote alternative energies. Big whoop!
When talking about raising product safety and quality standards in an effort to combat drug production migrating overseas, she reponded when pressed on the potential benefits that "she was unable to provide even a rough estimate of the likely impact on employment or the trade deficit of writing such standards into new trade deals. "I don't know,' she said."
At one bizarre moment in the USA Today piece, Clinton did the popular attack on the oil companies and what she called the "moneyed class," who she claims are the ones who have receive the rewards of the economy.
This comes from the Hillary, when she and Bill have made $109.2 million over a 7-year period. She's not part of the "moneyed class?" If she isn't, than who is she describing?
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