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Saturday, August 13, 2016

Hillary's economic plan

Earlier this week, Donald Trump delivered his economic policy in Detroit. I reviewed it here. Critics said it was light on specifics.

Hillary delivered hers in Detroit on Friday. It was light on policy.

In fact, there is no policy. Just some insults shot at Trump, and a grab bag of handouts to the politically connected.

From her speech:
We will put Americans to work building and modernizing our roads, our bridges, our tunnels, our railways, our ports, our airports.
We are way overdue for this, my friends. We are living off the investments that were made by our parents’ and grandparents’ generations.
We will also help cities like Detroit and Flint connect underserved neighborhoods to opportunity, expanding affordable housing, and we will repair schools and failing water systems as well. You know, I happen to think we should be ambitious: while we’re at it, let’s connect every household in America to broadband by the year 2020.
Yes about that water. Wasn't the government in charge of it? How did that work out? Anybody go to jail? When a private company temporarily screwed up the water supply in Charleston, West Virginia, the CEO went to jail. 

Of course no one went to prison when the Obama administration dumped 3.5 million gallons of pollutants into the Animas River.

As for broadband, we wired most of America. The economy hasn't boomed. In fact, many retailers are closing stores. I know, have Jeff Bezos of Amazon pay for the broadband. He is the one getting rich off it.

But the reason "we are living off the investments that were made by our parents’ and grandparents’ generations" is the welfare state. Americans give the federal government $3 trillion a year in taxes. Politicians borrow another $400 billion. Where's that money go? Medicaid, food stamps, subsidies for connected companies..

More Hillary:
And here’s something that you don’t always hear enough of from Democrats: a big part of our plan will be unleashing the power of the private sector to create more jobs at higher pay. And that means for us, creating an infrastructure bank to get private funds off the sidelines and complement our private investments. $25 billion in government seed funding could unlock more than $250 billion and really get our country moving on our infrastructure plans.
And we’re going to invest $10 billion in what we’re calling “Make it in America” partnerships to support American manufacturing and recommit to scientific research that can create entire new industries.
What happened to the tens of billions we invested in alternative energy? Where are those jobs? And if you Make it in America, how does it compete with the slave-labor, tariff free products made in China?

And there was this:
If Team USA was as fearful as Trump, Michael Phelps and Simone Biles would be cowering in the locker room, afraid to come out to compete. Instead, they’re winning gold medals. America isn't afraid to compete.
I have no idea what she is talking about. Neither does she. She has never built a damned thing. Nor has anyone in Washington.


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  1. The democrats and hillary do not know their posterior from a hole in the ground when it comes to generating wealth and jobs in the private sector. Obama has had 7.5 years to work on this, and he and his minions have done their damnest to run the economy into ditch. They hate fossil fuels and cheap energy. They love regulations. They love taxes. They love giving away OPM to groups in exchange for votes and loyalty. What happened to the 'stimulus?' By golly the obama administration was going to get serious about jobs and put their money where their mouth was!!! It was time to stop cutting bait and get down to brass tacks!! Results? I believe they $1 T of our tax money and more or less threw it down a rathole (aka, pockets of their cronies). How many jobs did hillary help create in NY State when she was a US Senator? Any? On economic issues, the h'beast and dems are useless and have no idea what they are doing.

  2. Negatory, Don; Hil has built two things: a humongous wad of cash in their "Foundation", and a humongous cadre of cronies.
    I would have posted this earlier, but there was no Comments link.

  3. Hillary and the Democrats believe that any problem can be solved with more government and more taxes. Government creates nothing. It just shuttles money around among their preferred recipients. - Elric

  4. If 6 time olympic medal winner Kim Rhode was as afraid of guns as the democrats, she would be cowering in a corner. Instead, she has won another gold medal, in her 6th consecutive Olympics.

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  6. I thought all the bridges, roads, and so forth were supposed to be fixed under the great Obamanistic Sweepstakes in 2009...

    And I think the only "power of the private sector" she wants to enhance is the bank accounts of her buddies.
    (deleted the other one because of an embarrassing typo)

  7. People say that Hillary has no accomplishments. That's a blatant falsehood. She destroyed Libya, almost singlehandedly.

    1. "Hillary has no accomplishments"

      She makes up for it in accomplicements