320 Years of History
Gold Member
These are all excellent ideas. Bernie should be happy. I wonder how many of them came from him directly?Granted this is USA today so they try to protect her, but her econ plan:
What Hillary Clinton Would Do to the Economy
1. $35 bil for ref and pay states to guarantee tuition. Lol, students can ref now but not to lower rates. Then guarantee tuition means college will collect fed money and increase the tuition rates also. This will be waste.
2. Paid family leave. Big business will adjust, but small business will go under. First they loss a key person. Second if they get a contractor they will have to pay double for the same work. Not small busy friendly.
3. Open infrastructure bank. Her husband expanded the powers of Fannie and Freddie to create the artificial secondary market which was a prime cause of the mortgage meltdown.
4. Expand gov preschool by $27. Bil. Good one I can support.
5. Expand IDEA by $27 bil. I support this move also.
6. $9 bil to repair oil pipelines and to coal family healthcare. To blatant trying to win coal miner votes in the important PA. My bet this would be so riddled with waste some pipes that don't need fixing get fixed an pennies goes to the coal miners.
7. $27 bil in infrastructure expansion. Didn't Obama do this. What was the effect again?
8. Raise minimum wage to $15. Again nailing he small business owner.
9. Increase work benefits. Sounds great right. All this will do is further put the boot on the neck of small business. Big business will push the cost onto the consumer, while wiping out their small business competition and making the barrier to enter the market that much harder.
10. Expand overtime. See 8
11. Encourage/force profit sharing. So Marxist of her.
12. Strengthen Unions and increase collective bargaining. Unions are a driving force for outsourcing. I guess Clinton needs to pay back her Chinese donors also.
13. Raise capital gains on short-term investment. 40% on <2 yr, 36% 2-3 yr, 32% on 3-5 and 20% (current level) on 6+ yrs.
14. Increase income tax on wealth (yea fat chance of it not trickling down). $5 mil a yr 10% increase. I support. $1 mil a year 30% minimum regardless of deductions, can't go under 30%. I support this. $15 mil a year then you get extra 5% increase (total of 15%). I agree also.
15. Expand the disaster known as Dodd-Frank. Why in the world anyone would want to expand it is beyond me.
16. And of course expan Obaminationcare. Admit that mistake and move on
17. No real change to free trade agreements. After all Mexicans are her base to placate and she can't get rid of her husband's bill NAFTA.
There are some things to like, but overall her plan is a disaster. It is build specifically to garner votes and placate the stupid!
#3 is the potential grand slam -- it could give us another 15 year economic boom until it crashes like Bill's last stimulus did.
That is because you don't understand the inner workings of business. I have done compliance law for too big to fail financial institutions for over 10 years. I see what big regulation and quasi-government agencies do to these business. I don't believe you achieved higher than entry level. If you had you might have a big boy interpretation of such things.
Red:
Perhaps you'll be helpful and identify what be the key "inner workings of business," "big regulation," and "quasi-government agencies" you have in mind and point us to non-editorial, germane, cogent, credible and objective third party references that corroborate your ideas? That would be far more useful than is the empty and unsupported assertion above and your writing about what level you think be that which another has achieved. ("Level" of what, BTW? You didn't specify and there's no specific reference in the prior post(s) that makes it obvious)
As a CPA and management consultant whose in the course of ~30 served clients in government, financial services, telecom, aerospace, discrete and process manufacturing, retail and energy/utilities, I'm well versed on "the inner workings of business," so my request above isn't just for the benefit of those who have achieved but whatever "entry level" you have in mind. I'm also curious to learn just which "inner workings" you see as those that are critical to ken. Please, do tell.....