Candidate promises her strategy will work better than Obama’s!
A face that only
a mother the blind could…
BRIDGETON, Mo. (BN) — Sen. Hillary Rodham Clinton conceded Sunday that she “might have been a little exuberant” when she predicted she could bring 200,000 jobs to Western New York as a senator but stressed that she would do a far better job on economic issues than her chief rival for the Democratic presidential nomination, Sen. Barack Obama of Illinois.
In an interview with The Buffalo News after a town hall meeting on economic issues in this St. Louis suburb, the New York senator blamed Republicans for getting in the way of her economic plans and criticized both Obama and the GOP presidential front-runner, Sen. John McCain, for their approach on economic issues.
Asked if she regretted her 2000 campaign pledge, Clinton said: “Well, I might have been a little exuberant, but I thought we could do it.”
She said that if Al Gore had been elected president that year and if the Democratic fiscal policies of the 1990s had been maintained, investments would have been made that would have boosted the upstate economy, which has continued to lose jobs through much of this decade.
“I think it was a defensible claim, but you know, the world changed,” she said. “And we didn’t get the political support from the Republicans and President Bush to do it.”
Just as Clinton made economic issues a centerpiece of her 2000 Senate race, the current economic slowdown and her proposed response to it stand at the center of her campaign for president.
She has proposed a detailed stimulus package to deal with the nation’s short-term economic struggles and a series of larger measures meant to spur long-term growth. And in the interview, she said her plans are better than Obama’s for several reasons.
“As part of the stimulus plan, I address the mortgage crisis,” she said. “And I think if we fail to take on this mortgage crisis and do more than Bush has agreed to do, we’re not going to get the impact from the stimulus that everybody’s hoping for.”
While Obama has proposed a multibillion-dollar fund to deal with the mortgage crisis, Clinton has offered a more detailed plan that also includes a 90-day moratorium on foreclosures and a five-year freeze in interest rates for subprime loans.
Obama has criticized the Clinton proposal, however, saying that freezing subprime loan rates would inevitably mean higher mortgage rates for everyone else.
But Clinton disputed that notion, saying higher mortgage rates are unlikely when the Federal Reserve is working to push interest rates lower. She said an increased federal involvement in housing, including an increase in the loan limit for Federal Housing Administration mortgages, also would help keep mortgage rates down.
Money for jobs
Clinton also said the extended unemployment insurance and expanded home heating assistance included in her stimulus plan made it superior to what Obama was proposing.
“We do need more direct spending on important programs like unemployment compensation and the direct assistance for low income heating,” she said. “We need to start now to do that because that is direct money that will really circulate in the economy.”
Clinton stressed that her plan also includes $5 billion for investment in so-called “green collar” jobs that are aimed at expanding alternative energy sources.
“I think green collar jobs, infrastructure repair and construction are big ticket items that would make a big difference,” she said.
Obama has criticized Clinton’s stimulus plan because at first she did not call for an immediate tax rebate, but the New York senator said her rival was misleading voters in criticizing that aspect of her plan.
“He misrepresents it,” she said. “He sends out mailers and things and it’s just not true.”
She said she originally suggested the tax rebate “be held in reserve as part of the same plan” and not immediately implemented because she was concerned that any tax rebate proposal would encourage Republicans to try to make the Bush tax cuts of the early part of the decade permanent.
The New York senator also looked to the long term in the interview, criticizing McCain, R-Ariz., for his recent comments in Michigan, where he said auto industry jobs that had already been lost would never come back.
“He’s not right and here’s why,” Clinton said. “If we have the right package of incentives for the auto industry combined with raising gas mileage, we can keep a lot of jobs here. But we have to make investments and the federal government has to be a partner in making investments in new cutting-edge technology.”
Clinton has made the greencollar jobs proposal and the idea of investing in the auto industry staples of her stump speech for months. And in the interview, she stressed that those plans have great potential for reinventing the American economy.
“We have an opportunity if we do this right to make it the equivalent of the space race — to have a federal partnership with industry that really unleashes a whole new era of innovation and new jobs,” she said.
‘I will never forget’
Earlier, at the town hall meeting, Clinton — whose husband, President Bill Clinton, forged the North American Free Trade Agreement — explained why she had called for a trade “time-out” and tougher enforcement of U.S. trade law.
She said plenty of New York companies had trouble getting their products into Canada.
“It’s supposed to be a twoway street, but there are all these hidden barriers that prevent our products from getting out,” she said.
In the interview, Clinton also noted that her office is “on top of the wind storm” in Buffalo and that she was thrilled that she had succeeded in persuading the Federal Emergency Management Agency to pay for tree stump removal in Buffalo.
“I think it’s kind of a metaphor really for what I’ll do as president,” she said. “You know I will never forget Buffalo. I will never give up on trying to improve the economy there. I will pay attention to the agricultural economy of Western New York. I will come up with new ideas, and I will be a great partner for Western New York.”
If any of you believe in Hillary’s plans ‘for a better world’ then you seriously need to take an introductory course on Economics – an excellent primer on this subject is Thomas Sowell’s ‘Economic Facts and Fallacies’.