Democratic Convention: What can you expect from economic policy from a Hillary Clinton White House? You already know. Just look at the last 7-1/2 years under President Obama.
Those expecting a new direction for the economy under a future possible President Clinton will likely be deeply disappointed...
...Tanden, was clear on one thing: "All of our policies must raise median wages for American workers ... (Hillary Clinton) is going to focus her presidency on rising inequality and stagnant wages."
While laudable, how would Clinton do that? The answer is:... ..."shovel-ready" infrastructure projects...
...leaving the American taxpayers with trillions of dollars more of debt, permanently higher spending... ...costing the economy nearly $2 trillion in lost GDP...
...As to rising corporate profits, Democrats actually see this as a problem to be solved. Why? Because wages aren't going up. But wages are a function of investment. And Democrats have made it quite clear their policies will be investment unfriendly.
Tanden also vowed to focus on the "challenges of short-term-ism in the corporate culture."...
...as for economic growth, nothing...
...As the party has turned dramatically to the left, it sees only redistribution — not growth — as the answer to every problem. But redistribution crosses a line and eventually becomes theft.
This has defined the Obama era, and it appears it will define the Clinton era, too. Instead of tax cuts, entitlement reform, and repeal of ObamaCare, Hillary promises tax hikes, less free trade and an attempt to bring back a 1932 law — Glass-Steagall — to regulate the banking system.
Hillarynomics doesn't look like change you can believe in. Just more of the same.
(Excerpt) Read more at investors.com ...
